EU lifts sanctions on US â for now
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The European Union decided yesterday to lift heavy punitive tariffs on US goods but said it might renew them if the World Trade Organization confirms suspected loopholes
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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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WASHINGTON -- The United States yesterday lifted its embargo on direct aid to, and diplomatic contact with, 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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US President George W. Bush had decided to lift sanctions against Libya in a move expected to trigger the release of more than $US1 billion ($1.
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The United States has lifted sanctions on Libyan air transport, an official in Tripoli said, the latest sign of warming ties between the two former foes.
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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 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The EU called off its sanctions on $4 billion worth of US goods on Monday after Washington repealed illegal export tax subsidies, bringing some balm to transatlantic ties wounded by a battle over Airbus and Boeing.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 British government welcomed the lifting of remaining US economic sanctions on Libya, saying it had played a role in the process by encouraging Tripoli to abandon its weapons of mass destruction.
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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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WASHINGTON -- President Bush has decided to lift sanctions against Libya, which he expects to trigger the release of more than $1 billion to families of PanAm Flight 103 victims, a senior administration official said yesterday.
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The EU called off its sanctions on &#36;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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Lifting of US sanctions will open up trade and aid, though Washington is still to confirm the deal.
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The European Union yesterday said it would lift trade sanctions that are damaging American exporters after President Bush last week signed a bill to revamp the corporate tax code and end an illegal export subsidy.
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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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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 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.