$311M EU, US Zeroing Fight Bound For WTO Arbitration

Law360, New York (February 18, 2010, 6:11 PM EST) -- The federal government has objected to the European Union's bid to impose at least $311 million in tariffs against the U.S. over its use of zeroing in calculating anti-dumping duties, sending the dispute to arbitration before the World Trade Organization.

In the Feb. 12 objection, which automatically triggered a 60-day arbitration, the U.S. said the proposed tariffs violated the WTO's dispute settlement understanding.

A representative of the EU could not immediately be reached for comment Thursday evening.

On Feb. 2 the EU asked the WTO for...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.