The US could not meet the Commission’s 1 March deadline for a bill (not necessarily a law) that would, in the EU’s view, satisfy the requirement for WTO compliance. bq. “The name of the game is repeal. It is not retaliation, not sanctions. It is repeal, and to have a WTO-compliant legislation,” said EU trade commissioner Pascal Lamy, on a visit to Washington Thursday. (AFP via “Yahoo”:http://story.news.yahoo.com/news?tmpl=story&cid=1518&ncid=1518&e=2&u=/afp/20040229/bs_afp/eu_us_wto_trade_dispute_040229034044) Lamy also announced that the EU was no longer threatening to impose sanctions on US steel imports in retaliation for the flawed safeguard action that the Bush administration took on steel last year. The US safeguards were lifted in December.
Peter Gallagher is student of piano and photography. He was formerly a senior trade official of the Australian government. For some years after leaving government, he consulted to international organizations, governments and business groups on trade and public policy.
He teaches graduate classes at the University of Adelaide on trade research methods and the role of firms in trade and growth and tweets trade (and other) stuff from @pwgallagher