Ed Feulner, president of the Heritage Foundation, “explains”:http://www.heritage.org/Press/Commentary/ed051004c.cfm why the Congress has so far failed to pass a law fixing the FSC export subsidies that the WTO found (twice) were illegal, risking an increase in sanctions already being applied by the EU. bq. There ought to be a law against such shenanigans. Unfortunately, we already know it would never pass. (“Heritage Foundation”:http://www.heritage.org/Press/Commentary/ed051004c.cfm) UPDATE: the LA Times “reports”:http://www.latimes.com/news/printedition/asection/la-na-tax12may12,1,1864041.story?coll=la-news-a_section that, as Feulner predicted, the Senate has passed it’s version of a revision with what Sen. John McCain calls a ‘christmas tree of goodies for ever conceivable special interest’.
Peter Gallagher is a leading Australian consultant on trade and public policy.[bio].
"I can help you with strategies for, and analysis of, international markets, law and regulations, trade agreements, export policies, import restrictions… I also offer reports, conferences and master-classes for government officials and industry associations on international trade research."
Email: Peter Gallagher