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UPDATED: 11:26, September 01, 2004
WTO allows EU to impose sanctions on US
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he European Union (EU) welcomed the decision of the World Trade Organization (WTO) on Tuesday to authorize the EU and seven other countries to impose sanctions on the United States for its illegal anti-dumping law.

Under the Byrd Amendment introduced in 2000, the United States has levied anti-dumping fines on foreign exporters who sell below cost price in the United States and then given the money to the UScompanies who complained about the dumping.

The WTO, which ruled the amendment illegal in 2002, authorized the EU and the other complainants to fine the United States up to 72 percent of the money collected under the amendment.

But EU trade commissioner Pascal Lamy said the 25-nation bloc had not yet decided whether to impose the sanctions.

"This is a decision we still have to make," he told reporters.

The EU, Japan, Canada, Brazil, India, Mexico, Chile and South Korea have argued that those fines collected and paid to the US companies constituted an illegal subsidy.

The EU held off the sanctions because it hoped to use the threat of penalties to force the United States to repeal the Byrd Amendment, reports said.

Source: Xinhua

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