EU to lift $4bn sanctions on US imports
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NEW YORK, October 25  - The European Union (EU) plans to lift the existing sanctions on US goods worth about $4 billion in response to a new bill that repeals the illegal export tax subsidies in the US.
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The European Union said it was removing $4 billion in trade sanctions on American products after the U.S. repealed what Europeans considered an illegal export tax break.
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The European Union said on Tuesday it would reimpose sanctions on &#36;4 billion worth of U.S. goods if the World Trade Organization backed its complaint about residual U.S. export tax breaks.
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The World Trade Organisation authorized the European Union and seven countries to impose millions of dollars' worth of sanctions in retaliation for a US anti-dumping law, a diplomat said.
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The European Union and its allies got the go-ahead on Tuesday to slap potentially heavy sanctions on US goods in a row that could stir trade tensions ahead of the US elections.
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The EU is set to lift sanctions against Libya and ease an arms embargo, under strong Italian pressure.
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The European Union called on Russia on Tuesday to lift economic sanctions on Georgia or risk deepening the crisis between the ex-Soviet neighbors sparked by a spying row.
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The European Union (EU) said on Thursday that further US efforts to eliminate trade and investment barriers would strengthen the transatlantic economic relationship.
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The European Union (EU) said on Monday it would lift trade sanctions against the United States after President George W. Bush signed into law the bill repealing illegal export
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European Union has decided to lift, at least temporarily, sanctions imposed on U.S. goods since Congress enacted sweeping changes in corporate tax law earlier this month.
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The United States said Monday it has agreed with the European Union to suspend temporarily its right to impose sanctions on EU goods in a trade dispute over genetically modified organisms.
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The European Commission is sticking with its plan to lift sanctions on &#36;4 billion worth of U.S. goods on Jan. 1 following Washington's repeal of illegal export tax subsidies in October, a spokeswoman said on Thursday.
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The World Trade Organisation (WTO) is expected to approve USD150m in trade sanctions against the US by the EU, Japan, Canada and four other countries in response to a US anti-dumping law that was declared illegal in 2003.
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The World Trade Organization cleared the way on Thursday to impose $150 million of trade sanctions on the United States, sought by the European Union and others, after lawyers resolved a legal wrangle.
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The European Union and its allies got the go ahead on Tuesday to slap potentially heavy sanctions on U.S. goods in a row that could stir trade tensions ahead of the U.S. elections.
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The European Union, Japan and others will be able to impose heavy sanctions against US firms dumping goods from early next year.
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The European Union will not rush to  reimpose sanctions on the United States in a trade dispute over  U.S. tax breaks for exporters if the World Trade Organization  again finds in Europe's favor, a top EU official said on  Thursday.