27 July 2005 22:44 [Source: ICIS news]
WASHINGTON (CNI)--The US House of Representatives approved legislation on Wednesday aimed at forcing ?xml:namespace>
The bill, passed 255-167, would make it easier for companies to seek the application of US countervailing duties to subsidized exports from nonmarket economies such as
It would also require the Treasury Department to report to Congress twice yearly on the application of
Proponents of the bill argue such efforts are needed to help address
Sponsored by Representative Phil English (Republican - Pennsylvania), it was first defeated Tuesday.
Democrats lashed attacked the bill as being weaker than one they had offered, criticizing the measure as an opportunistic effort to garner votes of the Central American free trade agreement, a vote on which is planned for Wednesday evening.
While intended to show that the Bush administration will enforce international trade rules on trading partners, the bill also appeared engineered to put the minority party on the record as blocking a measure strengthening trade rule enforcement for
The prospects for Senate action on the measure remain unclear, but are doubtful, at least partially because of the Bush Administration's lack of enthusiasm for the measure.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|