EU to Lift U.S. Sanctions Jan. 1
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The European Commission is sticking  with its plan to lift sanctions on $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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WASHINGTON -- US officials and their European allies are gearing up to impose targeted sanctions on Iran, which has defied a UN Security Council order to halt the enrichment of uranium by today.
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The European Union will lift sanctions on US imports after President George W. Bush signed a law replacing an illegal export tax subsidy with a $145 billion package of new corporate tax cuts and a buyout for tobacco farmers.
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The United States and its European allies are preparing to impose their own broad military and economic sanctions against Iran if Russia and China balk at voting for a tough new resolution at the United Nations, according to U.S. and European officials.
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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 welcomed possible new talks to curb Iran's nuclear ambitions but pushed ahead with UN sanctions to punish Tehran for its refusal to stop enriching uranium.
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The European Union is to suspend sanctions on US imports worth $4bn after President Bush signed a bill removing illegal export subsidies.
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Joaquin Almun a, EU monetary affairs commissioner, is expected to recommend lifting the threat of sanctions against the eurozone's two biggest economies next Tuesday.
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The European Union has said it may follow the US in lifting sanctions against Libya, as long as Tripoli shows willingness to curb illegal migration.
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The EU said yesterday it would 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
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A European Union court will rule in December on an appeal by software giant Microsoft to suspend EU sanctions.
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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 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 EU commission acted to ease trade tensions with the United States, saying it would lift sanctions after US President George W. Bush approved a repeal of illegal corporate tax breaks.
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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 European Union will lift sanctions against the United States now that US President George W. Bush has signed a law reforming corporate tax breaks deemed illegal by the World Trade Organisation, the EU executive commission said.
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Two days after the American trade embargo was lifted from Libya, the European Union yesterday approved to lift the economic sanctions imposed on Tripoli in addition to lifting arms sales to it.