EU Holds Off On Sanctions Against US Over Zeroing

Law360, New York (September 8, 2010, 3:25 PM EDT) -- The United States and the European Union have reportedly asked the World Trade Organization to delay the imposition of sanctions on the U.S. for its use of the controversial anti-dumping duty calculation known as zeroing.

The EU and the U.S. asked the WTO to hold off on a procedure that would potentially allow the EU to levy tariffs against the U.S. on $311 million worth of trade, Agence France-Presse reported Wednesday.

A representative for the EU said the two sides asked a WTO arbitration panel to...
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.