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08/31/2004 | WTO Decision on Byrd Amendment
Statement of USTR Spokesman Christopher Padilla on World Trade Organization (WTO) Arbitrators' Determination on the "Byrd Amendment"
08/31/2004
"The United
States is committed to trade policies that
ensure a level playing field for American workers and farmers. Today’s
determination will not affect the ability of the United States to continue
enforcing its trade laws to impose duties on countries that sell unfairly dumped
or subsidized products in the U.S. market. The Byrd Amendment simply deals
with how the funds collected from such duties are disbursed by the
Treasury. The United States will comply
with its WTO obligations, and the Administration will work closely with Congress
to do so in a way that supports American jobs and American
workers.
Some foreign countries claimed that
U.S. trade laws like the
Byrd Amendment cause them significant economic damage, but the panel of
arbitrators at the WTO agreed with the United
States that those claims were grossly
exaggerated. While the arbitrators’ determinations fell far short of the
amount requested by the complaining parties, the United
States remains committed to resolving this
issue in a way that promotes the competitiveness of American workers."