International Trade Update.

Mondaq Business BriefingNbr. 2002, June 2002

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Summary


World Trade Organization conference

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International Trade Update.

Steel Update

WTO Members Reach Procedural Agreement On Joint 201 Steel Panel

The United States agreed with Brazil to certain procedural steps and to consolidated deadlines in the joint panel established to hear the complaints of seven WTO Members against the US March 5 safeguard measures on steel. The seven Members are the European Communities (EC), Japan, Korea, China, Switzerland, Norway and New Zealand. (See "Single WTO Panel To Hear Member Complaints Against US Steel Measures," International Trade Update, July 2002.) The EC panel was composed on June 3 and the joint panel on June 24 with New Zealand joining on July 15 and Brazil joining on July 29. Although the agreement with the United States established that parties will have equal participation in the panel selection process "irrespect...

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