WTO – PRIVATISATION ROW

BY KEITH NUTHALLTHE EUROPEAN Union (EU) has formally requested that a second World Trade Organisation (WTO) disputes panel is set up to adjudicate in its long running row with the US over its assessment of benefits enjoyed by privatised steel companies from past public subsidies.Washington was last January (2003) ordered to reform its "change in ownership" methodology, under which is has justified countervailing duties protecting American steel producers. Although the US issued fresh guidelines in November, applying these to 12 disputed steel duties, the EU has ...


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