Tuesday, September 14, 2010

EU Suspends WTO Sanction Bid Against U.S. in Dumping Dispute

(Industry Week – Agence France-Presse)

U.S. provides reassurances it will bring measures into compliance with global trade rules

The European Union said Wednesday it had suspended a request at the World Trade Organization for the right to impose sanctions on Washington over a controversial U.S. anti-dumping calculation.

"Yesterday the European Union and the United States asked the arbitration panel deciding on the level of sanctions that the EU is entitled to impose on the United States in the zeroing dispute to suspend its work," said John Clancy, spokesman of the European bloc. Read more here.