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April
8 , 2002
The
EU, China, Japan, South Korea, Switzerland and Norway have all requested
consultations under the WTO's dispute settlement procedure, while
Canada, Mexico, New Zealand and Venezuela have further requested
involvement in the talks.
The
European Commission (EC), the executive arm of the European Union
(EU), claims the U.S. breached 10 WTO rules by implementing the
201 safeguards, particularly the EC is concerned that the 201 tariffs
would be imposed at a time when exports of steel to the U.S. have
actually dropped. Therefore, in response, the EC has adopted a
regulation that imposes its own TRQs against EU imports of 15 types
of steel products in an effort to prevent certain steel products
once intended for the U.S. from being diverted to the EU. The TRQs
entered into force on March 29, 2002, and they are expected to remain
in effect until September 28, 2002.
The U.S. is considering filing a complaint with the
WTO against the EU safeguard measures. The U.S. accuses the EU of
acting before they actually have evidence of steel diversions. The
EU continues to consider a list of 300 U.S. exports that could face
further retaliatory action.
As of March 25th, Canada also began a "safeguard
investigation" in order to protect its marketplace from a surge
of steel imports because of the U.S. tariff wall. The Canadian International
Trade Tribunal has 105 days to determine whether Canadian steel
producers are being injured and then another 45 days to recommend
a remedy.
For
additional details, please see the following article at
the EU's Europa website.
If you have any questions on any of the issues raised in this newsletter, please contact George R. Tuttle, III at (415) 288-0428 or via email at geo@tuttlelaw.com.
George R. Tuttle, III is an attorney with the Law Offices of George R. Tuttle in San Francisco. The information in this article is general in nature and is not intended to constitute legal advice or to create an attorney-client relationship with respect to any event or occurrence, and may not be considered as such.
Copyright
© 2002
by Tuttle Law Offices.
All
rights reserved. Information has been obtained from sources believed
to be reliable. However, because of the possibility of human or
mechanical error by our offices or by others, we do not guarantee
the accuracy, adequacy, or completeness of any information and are
not responsible for any errors, omissions, or for the results obtained
from the use of such information.
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