Thursday, March 31, 2005

Canada Retaliates against Illegal US Trade Policy

Canada adds sanctions on U.S. imports

No one ever wants a trade war but sometimes things just get so bad that action needs to be taken to protect yourself. I am glad our government has finally taken a stand.

America needs to understand that when they take unreasonable punitive measures against countries in order to give unfair advantage to american business under the guise of "protecting them" that there can and will be consequences. After repeated rulings in Canada's favour the US government refuses to abide by trade agreements signed by them. That practice has to stop.

"For the last four years, Canada and a number of other countries have repeatedly urged the United States to repeal the Byrd Amendment," said International Trade Minister Jim Peterson in a statement.

"Retaliation is not our preferred option, but it is a necessary action. International trade rules must be respected."

[...]

The WTO first ruled the legislation illegal in 2002 and gave the United States until the end of 2003 to conform. It didn't, so last November, the WTO gave Canada and the other complainants the authority to retaliate.

The other complainants are the European Union, Brazil, Chile, India, Japan, Mexico and South Korea.


IA

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