US, Japan file WTO complaint against EU.GENEVA--The US and Japan in May filed complaints with the World Trade Organization over tariffs the European Union European Union (EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the European Community imposes on certain electronics devices. The EU says at least three new technology products fall outside the 1996 Information Technology Agreement to eliminate duties worldwide; the US Trade Representative's office says the original agreement is being undermined. The contested products include computer monitors, cable converter boxes and printers. US Trade Representative Susan Schwab advises the EU to permanently abolish new duties and cease controlling tariffs to deter technological advances, say published reports. The original accord eliminates tariffs on high-tech products among the largest makers and consumers of electronic goods, saving producers $5 billion annually, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Consumer Electronics Association (cea.org). In a statement, the EU's executive European Commission European Commission, branch of the governing body of the European Union (EU) invested with executive and some legislative powers. Located in Brussels, Belgium, it was founded in 1967 when the three treaty organizations comprising what was then the European Community "strongly rejects" the US and Japanese complaints, and says it is "willing to reassess the current ITA ITA abbr. initial teaching alphabet ITA initial teaching alphabet: a partly phonetic alphabet used to teach reading ITA n abbr (BRIT) (= initial teaching alphabet) → product coverage to reflect new technology in a negotiation with all ITA signatories. However, the US refuses to do this." The US is required to file a request for consultations at the WTO See World Trade Organization. first, and then could ask for a panel to judge the complaint after 60 days. |
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