US COUNTERVAILING ROW
March 1st, 2004
BY KEITH NUTHALLTHE EUROPEAN Union (EU) is prolonging its dispute with the United States at the World Trade Organisation (WTO) over Washington's assessment of benefits enjoyed by privatised steel companies from past public subsidies. Following a protracted WTO dispute, the US was last January (2003) ordered to reform its "change in ownership" methodology, through has justified countervailing duties protecting American steel producers. Washington issued fresh guidelines in November, applying these to 12 disputed steel duties. However, the European Commission (EC) ...
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