EU to Lift US Sanctions After Repeal of Tax Breaks
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The European Union said it will end sanctions on US imports in about two months, following the repeal by the US of an illegal export subsidy, and warned the US not to extend the tax breaks for companies such as Boeing Co.
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The EU called off its sanctions on $4  billion worth of U.S. goods on Monday after Washington repealed  illegal export tax subsidies, bringing some balm to  transatlantic ties wounded by a battle over Airbus and Boeing.
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The European Union has decided that it will lift, at least temporarily, the sanctions it has imposed on US goods, now that Congress enacted sweeping changes in corporate tax law earlier this month, an EU official said yesterday.
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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 EU ban on arms exports to China could be lifted this year despite US objections, Jack Straw says.
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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 export tax subsidies in October, a spokeswoman said on Thursday.
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BRUSSELS - The European Union agreed on Wednesday to lift its arms embargo on Libya after pressure from Italy, which wants to help the North African country tackle illegal migrants, an EU diplomatic source said.
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The United States yesterday lifted its embargo on direct aid to the Palestinian government, joining the European Union and other countries in a swift demonstration of support for embattled President Mahmoud Abbas in his struggle against the anti-Israeli militant group Hamas.
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WASHINGTON : The US House of Representatives repealed a controversial tax break for US corporations in a bid to end hefty European Union trade sanctions more than a year after the World Trade Organization ruled against the practice.
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The European Union was considering Monday whether to levy punitive tariffs against Boeing Corp. &#151; the main beneficiary of U.S. tax breaks found to violate global trade rules. The move came despite a U.S. warning that it could aggravate a trans-Atlantic fight over subsidies to Boeing and its European rival, Airbus.
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US President George W. Bush&#39;s administration welcomed Monday a European plan to lift US trade sanctions imposed over an illegal export tax break scheme.
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The European Union decided on Tuesday to lift all remaining restrictions on the export of British meat, signalling the all-clear after an outbreak of foot-and-mouth disease.
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The US House of Representatives repealed a controversial tax break for US corporations in a bid to end hefty European Union trade sanctions more than a year after the World Trade Organization ruled against the practice.
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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, Japan and others will be able to impose heavy sanctions against US firms dumping goods from early next year.
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EU members win the right to impose sanctions on the US in retaliation for an anti-dumping law.
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ISN SECURITY WATCH (12/10/04) - The EU decided on Monday to lift a decade-old sanctions regime against Libya, acting mainly on pressure from Italy, which is keen to resume arms sales to the North African country.