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Clinton trade actions irritate EC nations.


Two international trade move made in the early days of the Clinton administration apparently surprised European Community officials, provoking testy tes·ty  
adj. tes·ti·er, tes·ti·est
Irritated, impatient, or exasperated; peevish: a testy cab driver; a testy refusal to help.
 responses.

Sir Leon Brittan, EC external affairs commissioner, called an announcement the United states would impose antidumping an·ti·dump·ing  
adj.
Intended to discourage importation and sale of foreign-made goods at prices substantially below domestic prices for the same items.
 penalties on flat steel products imported from 20 countries, including 7 EC member states, "particularly unfortunate and inopportune in·op·por·tune  
adj.
Inappropriate or ill-timed; not opportune.



in·oppor·tune
 at the beginning of a new U.S. administration." He added, "Such heavy-handed action - targeting not only Community steel producers but also those from Japan, Korea, Brazil, Canada, Mexico, Poland, Romania, Finland, Argentina, Australia, New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. , Austria and Sweden - will further weaken the chances of reaching a multilateral steel agreement, which the United States hitherto has supported."

In addition, U.S. Trade Representative Mickey Kantor announced the intention to prohibit awards of federal contracts for EC products and services in retaliation for discriminatory provisions in EC public procurement practices, thus following through on a threat made by the Bush administration. Brittan said, "We do not accept this form of unilateral bullying - especially since there are ongoing EC-U.S. negotiations on telecommunication procurement and other issues within the Uruguay Round of General Agreement on Tariffs and Trade General Agreement on Tariffs and Trade (GATT), former specialized agency of the United Nations. It was established in 1948 as an interim measure pending the creation of the International Trade Organization.  talks."

A Washington, D.C., meeting between Kantor and Brittan apparently smoothed the path for further negotiations. Following the meeting, Kantor announced President Clinton would ask Congress to renew authority for U.S. trade negotiators to conclude a quick GATT See General Agreement on Tariffs and Trade.

GATT

See General Agreement on Tariffs and Trade (GATT).
 agreement. Brittan said the announcement "breathed new life into the Uruguay Round talks."
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Publication:Journal of Accountancy
Article Type:Brief Article
Date:May 1, 1993
Words:244
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