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Europe Daily Bulletin No. 8287

31 August 2002
Contents Publication in full By article 14 / 32
GENERAL NEWS / (eu) eu/united states/fsc
EU entitled to impose sanctions of USD 4 billion in the FSC case

Brussels, 30/08/2002 (Agence Europe) - At the appropriate time, the Union will be able to impose sanctions of up to USD 4.043 billion on American trade, if the United States fails to abolish unfair subsidies under its tax code to its FSC, or foreign sales corporations, states in essence the long-awaited verdict of the World Trade Organisation, announced on Friday afternoon. It goes without saying that the decision, which confirms to the cent the Union's "reasonable" estimate of damages (as...

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