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To: craig crawford who wrote (605)	7/24/2001 5:58:20 PM
From: craig crawford	Read Replies (1) \| Respond to of 1643

Tuesday July 24, 2:57 pm Eastern Time U.S. Loses Steel Case Appeal in WTO U.S. Loses Japanese Steel Case Appeal in World Trade Organization, Faces Further Complaints biz.yahoo.com By NAOMI KOPPEL Associated Press Writer GENEVA (AP) -- Rejecting a U.S. appeal, a World Trade Organization panel upheld a ruling that the United States had acted illegally in increasing duties on Japanese steel imports. Even as the appeal panel's report was released, two other complaints -- from India, the European Union and other countries -- about United States ``antidumping'' procedures for steel came before the body that sets rules on international trade. In the Japanese case, the appeals panel agreed with almost all the findings of an earlier decision by WTO experts. That ruling, issued in February, held that the U.S. Department of Commerce was wrong in refusing to consider information from three Japanese steel companies because their submissions had arrived late. The increased duties were put in place in June 1999 after U.S. steel companies and steelworkers associations complained that Japanese hot-rolled steel was being ``dumped'' at below-market prices, making it impossible for U.S. producers to compete. The department carried out an investigation and upheld the claim. Extra duties were also imposed on steel from Brazil and Russia. The United States now is obligated to reach an agreement with Japan on a reasonable period of time to change its measures to conform with WTO rules. Also Tuesday, the WTO agreed to appoint a panel to look into antidumping measures on steel plate from India imposed in February 2000. India said that, among other things, the Department of Commerce had not considered information submitted by the Indian company involved, Steel Authority of India Ltd., and had failed to take into account the special situation of developing countries. The panel will have six months to make its ruling. (more...)