![]() |
The US has filed a WTO complaint over tariffs against the EU. |
|
| Latest News Business Health Mobile Network Security Science Space Technology World | ||
US Files Unfair Trade Complaint Against EU
The US has filed a WTO complaint over tariffs against the EU.The United States filed a complaint Wednesday with the World Trade Organization over European tariffs on three classes of high-tech goods, including flat-panel computer monitors and some printers. The duties, which are as high as 14 percent, make U.S. exports less competitive in the European Union, according to the Information Technology Industry Council, a trade association. The group's members include Hewlett-Packard Co., Apple Inc. and Cisco Systems Inc. The complaint, strongly supported by the U.S. high-tech industry, charges that the EU's duties violate a 1996 WTO agreement that removed tariffs on information technology equipment. The EU has said it can charge duties on the goods, which include cable and satellite boxes that can access the Internet and printers that can also scan, fax and copy, because they include new technologies developed since the agreement was signed. Total worldwide exports of the products included in the complaint totaled $70 billion in 2007.
Filed Under: US News Current World NewsShare and Enjoy:
|
The WTO confirmed that it received the US complaint, which begins a 60-day consultation period with the European Union. After that, the US may ask a WTO panel to rule on the dispute. WTO panels can take 12 to 18 months to resolve disputes.
Top Stories:
|
|
© 2008 NewsOXY.com. All Rights Reserved. About Us - Contact Us - Privacy Policy - Terms of Use
This Web site provides free RSS Feeds. |