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Europe Daily Bulletin No. 7970

23 May 2001
Contents Publication in full By article 17 / 59
GENERAL NEWS / (eu) eu/united states
Postponement of decision by WTO panel on FSC dossier

Geneva, 22/05/2001 (Agence Europe) - A WTO panel decided to postpone until 22 June (thus after the EU/United States Summit on 14 June in Gothenburg) its preliminary decision on the legality of the American FSC legislation - Foreign Sales Corporations - challenged by the EU. If the WTO, whose final decision is expected for mid-August, confirms that this legislation, which grants tax breaks to American exporting companies, represents an illegal subsidy to exports, the EU could call on the...

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