Senators make bid to restore zeroing rule
Oct 15, 2007 | 11:04 AM
| Rory Carroll
Thirteen Senators have sent a message to the Bush administration urging it to use the Doha Round of trade talks to overturn the World Trade Organization (WTO) appellate body's decision against the practice of zeroing.
In import duty decisions, zeroing does not give importers credit for products that enter the United States priced higher than their home market price. The practice increases anti-dumping duties in most cases, and the domestic steel industry has mounted a campaign to protect it. Zeroing was challenged at the WTO by both Japan and, more recently, the European Union. The United States lost both times.....
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