WTO Authorizes Sanctions Against US Over Antidumping Rules

[papau]

http://ap.tbo.com/ap/breaking/MGB3IRC3KYD.html

WTO Authorizes Sanctions Against US Over Antidumping Rules
The Associated Press

BRUSSELS, Belgium (AP) - The World Trade Organization decided Tuesday to authorize the imposition of sanctions against the United States by the European Union and other leading U.S. trade partners in response to illegal antidumping rules, officials said.

The WTO was expected to announce the decision later Tuesday at its headquarters in Geneva, but EU Trade Commissioner Pascal Lamy already welcomed the ruling which had been leaked to reporters in Brussels. <snip>

A copy of the ruling seen by Dow Jones Newswires showed the EU and other complainants will be authorized to fine the United States up to 72 percent of money collected under an U.S. antidumping law known as the Byrd Amendment.<snip>

Japan, Brazil, Canada, Chile, India, South Korea and Mexico joined the EU in contesting the laws. They sought the right to impose sanctions by increasing import tariffs on selected U.S. goods by the same amount that was collected in fines charged on their exporters in the previous year.

http://story.news.yahoo.com/news?tmpl=story&ncid=578&e=9&u=/nm/20040831/bs_nm/trade_wto_byrd_dc

[Robert Oak]

1. everything the majority doesn't like is now against WTO rules

Stupidest thing to join the WTO with only 1 vote and no veto power.

Undermined the US as a sovereign nation in one shot. Pretty
good...we didn't even see a gunshot yet lost the war.

[papau]

2. Certainly killed the Bird Amendment - and nothing to replace it!

we keep our duties law and accept that it harder to sell overseas

-

or the Bird amendment is repealed.

great choice.

[sadashivan]

3. WTO should not only be a table for debate

WTO should not only be a table for debate, should also analyze the situations and process to be adopted so that developing world gets relief from unmanageable debts. If International community really wants least developed or developing countries to come up.

• Patent regime by a few multinational companies of developed countries need to be restricted. So the monopoly is in controlled form.
• Control over price fixation by multinationals so on necessities imports developing world are not burdened.
• Encourage labour oriented produces by provision of incentives to importers. And certain disadvantages to fully auto products that can be produce semi auto or human. Will ultimately help generating world employment. Free trade will become only partial and most least and developing will not be able to reap much against cheaper auto machine products and better know how.
• Communication and other necessary advanced products for help of country’s economic growth should have the right to obtain technical advice and right of production of spare parts by self.
• Subsidized technical help to least developed and developing countries so that they have fullest use recourses to export at least in semi or finished (instead of raw material) against heavy imports.
• Protectionism method by developed countries to their small scale industries and agricultures to be discouraged.
• Human sources (services) to other countries should also come under trade free or minimum restricted. This is flourishing segment that is property of developing countries.
• WTO should be more transparent machinery than the present position. Most issues brought favours the developed countries, the WTO system would become even more imbalanced and inequitable.
• Survival of WTO is possible only when developing countries feel they get justice for trade practices/ disputes and agreements. Free or liberal market can alone not help developing countries we must also see how they can be in more advantageous. Quota abolition is waste until there is demand for their products of least developed and developing countries.

CLICK the link below
http://www.sadashivan.com/freephotos4ursocialstudy/id31.html

[idlisambar]

4. That's not what the WTO is for

The idea that the WTO can become an organization that regulates in favor of developing countries is not realistic. For better or worse, the WTO is designed for one thing -- keeping the trade lanes open for multinationals.

Welcome to the DU :hi: