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Europe Daily Bulletin No. 9130

14 February 2006
Contents Publication in full By article 11 / 37
GENERAL NEWS / (eu) eu/united states/trade
EU to relaunch sanctions over FSC

Brussels, 13/02/2006 (Agence Europe) - The EU won an important victory in Geneva on 13 February, where the appeals body of the World Trade Organisation confirmed that the United States have not taken the measures necessary to come into line with a previous judgment on the Foreign Sales Corporation (FSC). The FSC, a system of tax subsidies to export, was ruled illegal by the WTO in 2000. At the time, the WTO authorised the EU to take sanctions against the United States for an overall sum of...

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