Feb. 6 (Bloomberg) -- The European Union and the U.S. resolved one of their most longstanding World Trade Organization disputes concerning a U.S. calculation called zeroing in anti- dumping investigations.
The European Commission said the two governments signed a “roadmap which sets out the steps the U.S. will take to comply with WTO rulings in the future calculation of duties when the U.S. authorities find that some imported products from a particular exporter enter the U.S. market below the normal market price.”
As a result of the accord, “no EU exporter should be subject to an anti-dumping duty affected by zeroing in the future,” the commission said in an e-mailed statement from Brussels. “The EU will closely monitor the U.S. application of this new practice.”
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