EU aims to com­ply with WTO’s tech tar­iff rul­ing

Los Angeles Times - - Business -

geneva — The Euro­pean Union sig­naled Tues­day that it was pre­pared to scrap tar­iffs on bil­lions of dol­lars worth of high-tech ex­ports from the United States, Ja­pan and Tai­wan that were ruled il­le­gal by the World Trade Or­ga­ni­za­tion.

Brus­sels could have filed an ap­peal by Tues­day’s dead­line but said it would in­stead con­cen­trate on com­ply­ing with the WTO’s de­ci­sion.

The WTO con­demned the EU in Au­gust for levy­ing du­ties on flat-panel com­puter mon­i­tors, cable and satel­lite boxes that can ac­cess the In­ter­net, and prin­ters that can also scan, fax and copy. The U.S., Ja­pan and Tai­wan ar­gued that those prod­ucts should have been ac­cepted tax-free un­der a 1996 agree­ment on in­for­ma­tion technology equip­ment.

“There are cer­tain as­pects where we would have pre­ferred the panel to rule dif­fer­ently,” EU trade spokesman John Clancy said in Brus­sels.

The U.S. told the WTO’s dis­pute body that it looked for­ward to the EU “mov­ing promptly to bring its mea­sures into com­pli­ance.”

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