O Intermitente<br> (So long, farewell, auf weidersehen, good-bye)

O Intermitente
(So long, farewell, auf weidersehen, good-bye)

terça-feira, novembro 11, 2003

EU wins in steel case with US

The US could be faced with huge sanctions following a World Trade Organisation (WTO) ruling on Monday that Washington's tariffs on steel imports were illegal.

The WTO's announcement is a victory for the EU and puts fresh pressure on the Bush administration to withdraw the tariffs.


The EU brought the case to the WTO along with Japan, South Korea, China, Switzerland, Norway, New Zealand and Brazil.

A joint statement published yesterday (10 November) says that the ruling "leaves the US with no other choice but to terminate its WTO-incompatible safeguard measures without delay".

The row goes back to January last year when the US imposed tariffs of up to 30% on steel imports in an effort to protect US producers from tough foreign competition

Esta decisão é uma boa notícia para os defensores do livre comércio. Espero que esta decisão, no entanto, não degenere numa desautorização da OMC e, consequentemente, numa guerra proteccionista. Espero, embora saiba que provavelmente tal não vá ocorrer, que os países que tanto batalharam contra estas tarifas aproveitem para baixar as suas.
posted by Miguel Noronha 8:46 da manhã

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"A society that does not recognize that each individual has values of his own which he is entitled to follow can have no respect for the dignity of the individual and cannot really know freedom."

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