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article imageEuropean Union calling for WTO sanctions against the U.S.

By Andrew Moran     Feb 4, 2010 in World
The European Union is calling for sanctions by the World Trade Organization against the United States-made goods for its anti-dumping measures currently in place.
On Wednesday, the European Union called on the World Trade Organization to enforce sanctions on US-made goods because of the country’s stance on anti-dumping measures, according to Press TV.
The EU is asking the WTO to approve $311 million per year, or 13.8 per cent, in sanctions on the US. The US lost an appeal in February of last year to the WTO when they said their calculations on European goods illegally inflated tariffs, reports the Windsor Star. The US uses a calculation method called “zeroing,” which is rejected by every member of the EU.
In general terms, the EU believes Washington’s calculation methods of dumping in its market are unacceptable. The EU filing stated, “The European Union hereby requests authorization from the DSB to suspend the application to the United States of concessions or other obligations under the covered agreements.”
The Straits Times notes that the US is most likely going to reject the request, which means it would go to arbitration that generally takes two months.
More about European union, World trade organization, United States
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