Unity vital to fight against US unilateralism

By Min Chol

How would the US have reacted if France or China levied a hefty fine on American firms on the basis of domestic law?

Doubtlessly, the US would strongly reject it. However, it recklessly imposes fines on foreign rival companies according to its law.

In April 2013, a high-ranking official of the French power and transport company Alstom was arrested by the FBI on suspicion of violating the US overseas anti-corruption law.

A few months later, the US drove Alstom into a tight corner on charges of breaking the law.

As a result, the French company agreed to sell its assets to General Electric of the US in December 2014 and accepted the demand of the US Department of Justice for paying a 772-million-dollar fine.

Then what is the overseas anti-corruption law the US abused to detain a Frenchman and corner Alstom? Promulgated in 1977, the national law was originally geared to checking bribery of American businesses operating overseas.

However, the law was reduced to an instrument targeting foreign business rivals.

In 2001, Airbus had to give up a sales deal with the Saudi Arabian airline company under the law and Boeing made a contract with the company instead. Since 2010, French companies have paid fines of about 14 billion dollars by the law.

The US has so far collected a colossal sum of money from over 20 businesses.

The Alstom official who was released in September 2018 authored a book about his prison life, in which he censured the US for its attempt to dominate the world trade by dint of domestic law.

"All countries should unite to check unilateralism," he said in an interview with China's Xinhua News Agency.

The Russian Foreign Minister warned that the countries using the American currency in trade deals can be held hostage at any time by the US.

(Pyongyang Times - November 16, 2019)
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