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Europe Daily Bulletin No. 7710

5 May 2000
GENERAL NEWS / (eu) eu/united states
European Commission welcomes American initiative over "foreign sales corporations", but remains careful over contents of Washington plan

Brussels, 04/05/2000 (Agence Europe) - While the Europeans continue the necessary steps to respect the Geneva rulings on bananas and hormones, the Unites States announced they would do the same, in the time allotted, with regard to their export tax regime called "Foreign Sales Corporations", whose illegality was recently noted by the World Trade Organisation (WTO).

The European Trade Commissioner, Pascal Lamy, welcomed this "good news" delivered by the American Under Secretary for the...

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