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Turkey Blocks Panel on Its Retaliation for US Metals Tariffs
January 14, 2019 by Mara Lee|International Sources

Turkey, in blocking the panel, said the U.S. request for a panel to judge its retaliatory tariffs is unfair because the U.S. took unwarranted and unjustified action to put 25 percent tariffs on imported steel and 10 percent tariffs on aluminum. Turkey -- along with many other countries -- sees the tariffs as a safeguard measure, not a national security matter. Unlike for other countries, the U.S. later, in August 2018, increased tariffs on Turkish steel to 50 percent (see 1808120001). Turkey will not be able to block the request at the next World Trade Organization Dispute Settlement Body meeting, so it will go forward, and will be the sixth panel on retaliatory tariffs. The European Union, during the Jan. 11 DSB meeting, said that Turkey is standing up to U.S. abuse of the national security exception in the General Agreement on Tariffs and Trade, according to a summary provided by a Geneva trade official.

Venezuela Challenges US Sanctions Through WTO
January 8, 2019 |International Sources

Venezuela asked the U.S. for consultations at the World Trade Organization over sanctions, both against government officials, contractors and people in the gold mining industry, and against the petro cryptocurrency. One of the blocked persons is Venezuela's first lady. The request was circulated to members on Jan. 8. In the document, Venezuela complained that "the United States has imposed certain coercive trade-restrictive measures on the Bolivarian Republic of Venezuela in the context of attempts to isolate Venezuela economically." It said all these measures -- along with treatment of the Venezuelan public debt -- are inconsistent with the General Agreement on Tariffs and Trade.

Topics:World Trade Organization (WTO)