Monday, October 1, 2012

European Union Wants to Take $12 Billion in Countermeasures Against the United States

The European Union notified the World Trade Organization last week that it intended to ask the WTO Dispute Settlement Body (DSB) to authorize the EU “to take countermeasures” against the United States for an approximate value of US$12 billion annually (EUR 9.35 billion) because the United States has not yet withdrawn its subsidies in the dispute involving “Large Civil Aircraft” (DS353). In its communication, the European Union said that it intended to put this request on the agenda of the regular DSB meeting of October 23, 2012. This request will be under Article 22.2 of the Dispute Settlement Understanding concerning failure to comply with DSB recommendations and rulings.

(mew)

http://lawprofessors.typepad.com/international_law/2012/10/eu-us-wto.html

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