BRUSSELS: The European Union (EU) should file a complaint with the World Trade Organization (WTO) in the next few months regarding the United States’ green energy subsidy package, the head of the European Parliament’s trade committee was reported as saying on Dec 4.
The US and the EU have so far sought to be conciliatory about the bill, saying last week they would seek to tackle the bloc’s concerns about the package, known as the US Inflation Reduction Act.
EU members worry the US$430 billion RM1.89 trillion) bill, with generous tax breaks for US companies, may disadvantage European companies from car manufacturers to makers of green technology.
Officials from both sides are due to address the issue at a meeting next week, but Bernd Lange, the chair of EU parliament’s trade committee, said he no longer expects a negotiated solution as only small changes could still be agreed through talks.
“I don’t think that much will change in substance, because the law has already been passed,“ Lange was quoted as saying by Funke media group, adding that complaining to the WTO would make send a message that the bill was incompatible with the organisation’s rules. - Reuters
Source: The Sun Daily
A word from our sponsor:
Need Help With Your Personal Finance / Money Issue or need a coach to help you structure or just want to learn the financial skill to self manage your financial matters and retirement. iLearnFromCloud.com
Need to solve a problem quickly, now you can solve it by learning the art of problem solving Art Of Problem Solving
Feeling hungry. Latest food news from Best Restaurant To Eat Malaysian Food and Travel Blog
Memory loss. Need to organize better. Solve problem fast with Free Mind Mapping Software Mind Mapping 101
Need A Customized System Development for your business or Going Paperless XPERT TECHNOLOGIES - Empowering The Paperless Economy
No comments:
Post a Comment