FOREIGN TRADE CORPORATION DUTIES
September 1st, 2002
BY KEITH NUTHALL
THE EUROPEAN Commission has published a list of exported American book industry products that could attract protective duties of up to 100 per cent, because of a WTO ruling allowing Brussels to retaliate against the US's use of foreign trade corporations to give its exporters tax breaks. The Commission included on its long-list of products: books, manuscripts, typescripts and paper. Brussels will now consult European industry before choosing duties to finally impose.
THE EUROPEAN Commission has published a list of exported American book industry products that could attract protective duties of up to 100 per cent, because of a WTO ruling allowing Brussels to retaliate against the US's use of foreign trade corporations to give its exporters tax breaks. The Commission included on its long-list of products: books, manuscripts, typescripts and paper. Brussels will now consult European industry before choosing duties to finally impose.
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