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Daily News

January 25, 2002

An agreement between leading steel companies sets forth general parameters for a possible remedy in the Bush Administration's Section 201 investigation on steel imports, but companies have not put forward a specific proposal on the most contentious issue of government assistance for companies' legacy costs.

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European Union trade commissioner Pascal Lamy today (Jan. 25) again urged the U.S. not to impose any unilateral restraints on steel imports by warning that such a move would have “serious consequences” not only from the EU but from other trading partners.

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Following a meeting with his European counterpart, U.S. Trade Representative Robert Zoellick today (Jan. 25) announced the U.S. would work to comply with a World Trade Organization ruling that a U.S. tax scheme constitutes a prohibited export subsidy. EU Trade Commissioner Pascal Lamy endorsed that goal, but emphasized the EU would use the “leverage” of possible trade retaliation to ensure U.S. compliance.

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January 18, 2002

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January 04, 2002

Senate Majority Leader Tom Daschle (D-SD) on Friday (Jan. 4) said in a prepared speech that he supports fast-track and intends to bring it up for a vote on the Senate floor early this year.

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December 31, 2001

The Bush Administration plans to extend more textile concessions to Pakistan, and doing so would not violate its promises made to House members in the context of securing their vote for fast-track legislation in early December, according to a senior trade official.

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The terms of a pending fast-track bill as passed by the House and the Senate Finance Committee do not prevent the Administration from engaging in serious negotiations multilaterally or regionally in the Free Trade Area of the Americas, according to a senior trade official.

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The Bush Administration's decisions on how to handle a trade fight with the European Union over a tax system replacing the Foreign Sales Corporation (FSC) tax provisions depends on the outcome of a ruling in the World Trade Organization next month, according to a senior U.S. trade official.

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December 28, 2001

Zoellick is planning to visit Africa in the first quarter of 2002, in a trip planned before the ministerial of the World Trade Organization in November.

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December 21, 2001

The General Council of the World Trade Organization has agreed by consensus to accept Mexico's offer to host the next ministerial conference in 2003, according to Geneva trade officials.

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The EU will see the introduction of legislation on the 1916 Act as a positive move towards resolving the trade dispute (Inside U.S. Trade, Dec.

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December 20, 2001


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