Financial Times FT.com

WTO authorises $150m sanctions against US

By Frances Williams in Geneva

Published: August 31 2004 20:16 | Last updated: August 31 2004 20:16

The World Trade Organisation on Tuesday gave the green light for the European Union and seven other WTO members to impose up to $150m a year in sanctions on the US for its failure to repeal a trade law declared illegal by the WTO.

Known as the Byrd amendment, the law requires US customs authorities to distribute the proceeds of anti-dumping and anti-subsidy duties to the companies that initiated the cases.

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