 |
|
|
 Business News | December 2007 
U.S. Says WTO Panel Backs U.S. in Mexico Steel Case
 Jonathan Lynn - Reuters
go to original
Geneva - A World Trade Organisation (WTO) investigation into U.S. measures to curb unfairly priced stainless steel imports from Mexico has found in favor of the United States, the U.S. Trade Representative said on Thursday.
A statement from U.S. Trade Representative Susan Schwab said a report by a WTO panel had backed the U.S. position that WTO rules do not prohibit a controversial method of calculating anti-dumping duties, known as zeroing.
The panel report, released on Thursday, found that some U.S. measures were inconsistent with WTO rules, but others were permissible. Mexico earlier said the report was a victory for Mexico as it concluded zeroing was not allowed in some cases.
WTO Rules Against Some U.S. Anti-Dumping Vs Mexico
Jonathan Lynn - Reuters
go to original
Geneva - A World Trade Organisation (WTO) panel ruled on Thursday against some U.S. anti-dumping measures to combat imports of Mexican stainless steel, in another rebuff for a controversial U.S. trade remedy.
But the panel said the controversial method of calculating penalty duties on imports sold at unfairly low prices - known as "zeroing" - was permissible in some circumstances.
A senior diplomat in Mexico's WTO mission said the panel's report was a victory for Mexico even though the panel did not agree with some of Mexico's claims.
"We see it as a victory for the Mexican claim, as they find that zeroing is prohibited in original investigations," Carlos Vejar Borrego, an expert on trade disputes, told Reuters.
Mexico was considering whether to appeal against the panel's ruling to try and clarify the rules on anti-dumping, as the panel had backed some of the U.S. measures, he said.
Both Mexico and the United States have 60 days to decide whether to appeal.
Several previous WTO cases have struck down zeroing, which is now a major issue in the Doha round of talks to open up world trade, pitting the United States against the European Union, Japan, China, India, Brazil and a host of other states, rich and poor. |
| |
|
Vallarta Weddings
Tell a Friend
Site Map
Print this Page
Email Us