InfoAnda - US asks WTO to intervene in whiskey dispute with Philippines

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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World US asks WTO to intervene in whiskey dispute with Philippines AFP - Saturday, March 27 Send IM Story Print US asks WTO to intervene in whiskey dispute with Philippines Slideshow: Full Photo Coverage: Business & Economy WASHINGTON (AFP) - – The United States asked the World Trade Organization Friday to intervene in a longstanding dispute with the Philippines over taxes on whiskey and gin, following an impasse in bilateral talks. The office of the US Trade Representative (USTR) said in a statement that the Philippines had imposed "discriminatory taxes" on imported distilled spirits that were significantly higher than those for domestic distilled spirits. The USTR wants the WTO to set up a dispute settlement panel to resolve the dispute. "To ensure that Americans' rights in the global trading system are respected, it is important to move forward with the next step in the WTO dispute settlement process and request the establishment of a panel, which USTR is doing today," USTR spokeswoman Carol Guthrie said. "It is critical that American exports are treated fairly in the Philippine market in accordance with WTO rules," she added. But Guthrie said the United States remained open to working with the Philippines "to find a mutually agreeable solution to our concerns." WTO rules generally bar members from discriminating between imported and domestic products in their tax regimes. The US government has raised concerns over the issue with the Philippines in the past several years, both bilaterally and in WTO forums. In addition, the European Union had requested WTO consultations on these taxes in July 2009, and the United States joined these consultations and participated in meetings between the EU and the Philippines in October. The first step in a WTO dispute is for both parties to consult formally. If consultations fail, a request has to be made for a WTO panel to be established to resolve the dispute. The United States exports about one billion dollars worth of distilled spirits worldwide annually. Recommend Send IM Story Print Related Articles Saudi phosphate railway seen complete by year-end Reuters - 1 hour 19 minutes ago Thai protesters surround PM's office Reuters - 1 hour 41 minutes ago China's Joyou sets IPO placement price at lower end Reuters - Sunday, March 28 US-BUSINESS Summary Reuters - Sunday, March 28 Swiss regulator to draft rules on undeclared funds Reuters - Sunday, March 28 News Search Top Stories Greece to launch bond issue next week: report Cancer-stricken Dennis Hopper gets Hollywood star EU relieves Greece, but what next for euro? Britain's Times, Sunday Times to charge for websites VW to raise 4.2 bln euros at 65 euros per share More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Cancer-stricken Dennis Hopper gets Hollywood star EU relieves Greece, but what next for euro? China VP due in Sweden as Volvo takeover nears Britain's Times, Sunday Times to charge for websites Pentagon eases rules on gay ban in US military More Most Viewed » 'Rare' fossil of new dinosaur species found in US 'Britain's Fritzl' raped daughters for over 25yrs Researchers back cancer-fighting properties of papaya Hollywood stars help prevent suicide after Twitter alert Prince Philip in strip club gaffe More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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