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Europe Daily Bulletin No. 8457

8 May 2003
GENERAL NEWS / (eu) eu/united states/wto
WTO allows EU to apply Foreign Sales Corporation counter measures

Brussels/Geneva, 07/05/2003 (Agence Europe) - On Wednesday, as expected, the World Trade Organisation (WTO) formal and final authorisation to apply counter measures against the US export aid Foreign Sales Corporation scheme, to be applied to a list of products from the United States. The counter measures take the form of prohibitive customs duty (up to 100%) of up to $4 billion a year in total. For the first time in the FSC affair, a deadline has been set for Washington. Commissioner Pascal...

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