U.S. Delays WTO Investigation into Fees on European Ball Bearings
The United States delayed a World Trade Organization investigation Tuesday of the anti-dumping duties America puts on 52 European products from ball bearings to Italian pasta, temporarily putting off another trans-Atlantic dispute.
The European Union says Washington's continued use of a complicated procedure for determining dumping fees on the products violates global trade rules.But the U.S. contends that it is already reconsidering how it calculates the levies and the request was unnecessary.The Geneva-based trade referee will almost certainly establish an investigative panel when the organization's dispute settlement body meets again next month. Under WTO rules, a second request for a formal investigation is automatically approved.
"The (EU) would have preferred to avoid another dispute with the United States on this subject," said Raimund Raith, a trade negotiator for the 27-nation bloc. He said Washington's refusal to offer an acceptable solution in consultations forced Brussels to seek litigation.
Governments investigate dumping when they suspect that producers are exporting products at below the market price in their own country
Product Model | Inside Diameter | Outside Diameter | Thickness |
GE800DW bearing | 800 | 1060 | 355 |
GE750DW bearing | 750 | 1000 | 335 |