EU Fails to Provide Compensation for Withdrawn Concessions, US Launches Investigation

Summary

The European Union (EU) is required to provide full and permanent compensation to the United States for withdrawing concessions and increasing tariffs on trade into Austria, Finland, and Sweden after they joined the EU on January 1, 1995. The U.S. Trade Representative initiated an investigation on October 24, 1995, to determine if U.S. benefits under a trade agreement are being denied.