FOREIGN TRADE CORPORATION DUTIES
September 1st, 2002
BY KEITH NUTHALLTHE EUROPEAN Commission has published a list of exported American wool products that could be saddled with protective duties of up to 100 per cent, because of a World Trade Organisation ruling allowing Brussels to retaliate against the US's use of foreign trade corporations to give its exporters illegal tax breaks. As usual in these cases, the complaining party (here the EU) has been given permission to levy duties on American products to counter the effect of the illegal measures. The Commission included on its long-list of products: wool of fine ...
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