In a message dated 10/20/99 9:37:22 AM Central Daylight Time, AOL News writes: << Subj: Japan Wants WTO Ruling on Steel Date: 10/20/99 9:37:22 AM Central Daylight Time From: AOL News BCC: Ahab42 Japan Wants WTO Ruling on Steel .c The Associated Press TOKYO (AP) - Japan will take the United States to the World Trade Organization over its rulings against imports of Japanese steel, Japan's trade minister said Wednesday. Washington's decision to limit imports of hot-rolled steel products from Japan goes against WTO trade regulations, said Takashi Fukaya, the minister of international trade and industry. ``Steel imports from over 20 countries have been the subject of the U.S. anti-dumping procedures,'' the minister said in a statement. ``This widespread and frequent use of anti-dumping procedures, and their use to exclude steel imports from the U.S. market, is a cause for serious concern,'' he said, suggesting that the intention is protectionism. An official submission of the complaint will be made to WTO headquarters in Geneva around mid-November, a ministry official said on customary condition of anonymity. The United States decided in June to impose antidumping duties ranging from 17 percent to 67 percent on certain hot-rolled steel products. U.S. steelmakers say the help other nations give their steel industries has built up more steel-making capacity than the worldwide market needs. That makes it difficult for American companies to command the prices they desire, and led last year to five bankruptcies and about 10,000 layoffs in the United States. AP-NY-10-20-99 1036EDT Copyright 1999 The Associated Press. The information contained in the AP news report may not be published, broadcast, rewritten or otherwise distributed without prior written authority of The Associated Press. Announcement: America Online has added Reuters newswires to News Profiles. To add Reuters articles to your daily news delivery, go to KW: <A HREF="aol://5862:146">News Profiles</A> and click on "Modify Your News Profiles." Then click "Edit" and add Reuters from the list on the left. To edit your profile, go to keyword <A HREF="aol://1722:NewsProfiles">NewsPro files</A>. For all of today's news, go to keyword <A HREF="aol://1722:News">News</A>. >>
Japan Wants WTO Ruling on Steel .c The Associated Press TOKYO (AP) - Japan will take the United States to the World Trade Organization over its rulings against imports of Japanese steel, Japan's trade minister said Wednesday. Washington's decision to limit imports of hot-rolled steel products from Japan goes against WTO trade regulations, said Takashi Fukaya, the minister of international trade and industry. ``Steel imports from over 20 countries have been the subject of the U.S. anti-dumping procedures,'' the minister said in a statement. ``This widespread and frequent use of anti-dumping procedures, and their use to exclude steel imports from the U.S. market, is a cause for serious concern,'' he said, suggesting that the intention is protectionism. An official submission of the complaint will be made to WTO headquarters in Geneva around mid-November, a ministry official said on customary condition of anonymity. The United States decided in June to impose antidumping duties ranging from 17 percent to 67 percent on certain hot-rolled steel products. U.S. steelmakers say the help other nations give their steel industries has built up more steel-making capacity than the worldwide market needs. That makes it difficult for American companies to command the prices they desire, and led last year to five bankruptcies and about 10,000 layoffs in the United States. AP-NY-10-20-99 1036EDT Copyright 1999 The Associated Press. The information contained in the AP news report may not be published, broadcast, rewritten or otherwise distributed without prior written authority of The Associated Press. Announcement: America Online has added Reuters newswires to News Profiles. To add Reuters articles to your daily news delivery, go to KW: <A HREF="aol://5862:146">News Profiles</A> and click on "Modify Your News Profiles." Then click "Edit" and add Reuters from the list on the left. To edit your profile, go to keyword <A HREF="aol://1722:NewsProfiles">NewsProfiles</A>. For all of today's news, go to keyword <A HREF="aol://1722:News">News</A>.
