FOREIGN TRADE CORP
September 1st, 2002
BY KEITH NUTHALL
THE EUROPEAN Commission could saddle imported American nuclear engineering equipment with protective duties of up to 100 per cent, because of a WTO ruling allowing Brussels to retaliate against the US's use of foreign trade corporations to give its exporters illegal tax breaks. The Commission included nuclear reactors, boilers, machinery, mechanical appliances and parts on its long-list of possible target products. It will now consult EU industry about its plans before setting a final list.
THE EUROPEAN Commission could saddle imported American nuclear engineering equipment with protective duties of up to 100 per cent, because of a WTO ruling allowing Brussels to retaliate against the US's use of foreign trade corporations to give its exporters illegal tax breaks. The Commission included nuclear reactors, boilers, machinery, mechanical appliances and parts on its long-list of possible target products. It will now consult EU industry about its plans before setting a final list.
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.