Wednesday, July 4, 2018 | Tag Cloud
, European Union
, Worthy News
(Worthy News) - Major US trading partners including the European Union, China and Japan voiced deep concern at the World Trade Organisation (WTO) on Tuesday (Jul 3) about possible US measures imposing additional duties on imported autos and parts.
Japan, which along with Russia had initiated the discussion at the WTO Council on Trade in Goods, warned that such measures could trigger a spiral of counter-measures and result in the collapse of the rules-based multilateral trading system, an official who attended the meeting said.
Over 40 WTO members, including the 28 countries of the European Union - warned that the US action could seriously disrupt the world market and threaten the WTO system, given the importance of cars to world trade. [ Source" Channel News Asia (Read More...) ]
Copyright 1999-2017 Worthy News. All rights reserved.
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.