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Europe Daily Bulletin No. 8276

14 August 2002
(eu) eu/united states
Decision by WTO experts on the volume of EU trade sanctions against the United States in the FSC case is expected to be announced during the long Assumption Day weekend

Brussels, 12/08/2002 (Agence Europe) - The European Union will very shortly be entitled to impose trade sanctions worth between € 1 and 4 billion against the United States for the injury cased by the latest version of an export tax support system, which the United States seems to be having a hard time parting with.

The panel of World Trade Organisation experts has already finished estimating the value of the injury caused by the tax exemption scheme (extraterritorial income or ETI...