WTO praises USA for trade policies

THE USA has come out with flying colours from the World Trade Organisation (WTO) for its liberal trade policies despite a few instances of restriction in the agricultural sector.

The WTO praises the USA for resisting “by and large” protectionist pressures in the face of a huge current-account deficit.

It warns that this stance might become more difficult if the economy turns down.

The USA has been criticised for recent anti-dumping, anti-subsidy action on lamb.

It has also been under attack for imposing high tariffs on farm goods exported by developing countries.

• British exports facing penalties, FWi, 14 July, 1999
• Financial Times 15/07/99 page 4