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Nov.

2007







 



 

 

 

 

 

 

 


 

 

 


 

 

 

 

 

 

 



 














 

 

U.S. senators offer Goss aid in trade dispute with Japanese supplier

 

New Hampshire’s U.S. senators last month met with United States Trade Representative Susan C. Schwab in an effort to help Goss International Corp. resolve the continuing trade dispute with Tokyo Kikai Seisakusho (TKS).

Republican Senators John Sununu and Judd Gregg convened the meeting.

Although Goss was awarded more than $35 million after TKS was found guilty of selling presses at below-market rates, Japanese “claw back” legislation could force Goss’ Japanese unit to pay back the judgment.

 

“Goss and its 1,000 New Hampshire employees deserve help from the U.S. government as the company fights for a fair conclusion to this dispute with TKS,” Sununu said in a statement. “Goss’ Japanese unit faces retaliatory action from the Japanese government that is clearly a violation of international trading standards.”

Bob Brown, Goss’ president and chief executive officer, praised the senators’ involvement. “They have both been key in assisting Goss,” he said in a statement.

Meantime, Goss last month filed a petition asking the Supreme Court to review the decision by the 8th Circuit Court of Appeals which lifted the restriction barring TKS from taking steps to recoup the original judgment.