WTO panel rules against US in anti-dumping row

The World Trade Organisation's highest court on Tuesday ruled that methods used by the United States to decide whether foreign goods are being dumped break global trade rules.
The Appellate Body, in a published ruling, overturned a previous decision by a WTO panel of judges which had largely sided with Washington in the dispute with the European Union over a practice known as "zeroing."
"Today's ruling is a positive step in establishing a level playing field in transatlantic trade," said EU Trade Commissioner Peter Mandelson in a statement.
The EU dispute had challenged 31 separate determinations of anti-dumping duties applied by the United States using the zeroing formula, as well as the methodology as such.
The Appellate Body's decision is final and cannot be appealed, although the United States will be given time to abide by the verdict.