Brussels, 08/12/2003 (Agence Europe) - On Monday morning, the Council of the EU formally adopted a regulation setting out sanctions applicable from March 2004 if the United States fails to cancel its "Foreign Sales Corporation" law, which was ruled incompatible with World Trade Organisation rules. In May 2003, the WTO dispute settlement panel authorised the European Union to apply measures to the tune of $4 billion in compensation for losses incurred as a result of the US export subsidy...