U.S., European Union Launch WTO Disputes
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The U.S. and the European Union launched formal trade disputes against each other, asking the World Trade Organization to rule on the legality of the EU’s customs rules and Washington’s sanctions against the EU because of a ban on hormone-treated beef imports.
Both sides asked for the creation of a dispute settlement panel after failing to settle their differences in direct talks, trade officials said.
The U.S. claims that the EU is failing to respect global trade rules because it has a complex customs regulations that vary from country to country.
In the beef dispute, the EU has asked the WTO to condemn the U.S. and Canada for failing to lift sanctions.
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