EU Targets U.S. Anti-Dumping Rules
BRUSSELS, Belgium (AP) _ The European Union plans to file a complaint with the World Trade Organization over U.S. anti-dumping legislation dating to 1916.
The complaint follows claims by European steelmakers that the law threatens the sale of EU steel products in the United States.
The EU’s executive agency, the European Commission, said it would ask the United States for consultations, under the auspices of the WTO, to try to get the 1916 Anti-dumping Act repealed.
If the two sides can’t resolve the dispute through consultations, the Commission can ask the WTO to rule on the legality of the law.
The law gives companies the right to seek redress in U.S. courts for injuries caused by imports sold at below market prices.
``No remedy other than the repeal of the 1916 Act appears possible in order to eliminate the actual and potential adverse trade effects,″ said a Commission statement published in the EU’s Official Journal.
The Commission said the 1916 law violates WTO rules because it doesn’t ensure that the actual price in the exporting country is the main criterion used for calculating prices in the United States.