US DUTY RETALIATION
November 1st, 2003
BY KEITH NUTHALLTHE INTERNATIONAL leather trade is facing a fall in demand for American raw hides, skin and finished leather exports, as well as leather finished goods and components, with the European Union (EU) planning to impose heavy duties such exports from the United States. The raw hides and leather material duties are a response to Washington's refusal to dismantle a system of Foreign Sales Corporations (giving US businesses tax breaks), which has been declared in breach of global trade laws by the World Trade Organisation (WTO). The European Commission ...
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