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Europe Daily Bulletin No. 9191

13 May 2006
Contents Publication in full By article 15 / 39
GENERAL NEWS / (eu) eu/united states/trade
EU announces end of FSC trade sanctions following US Congress decision to bow to WTO ruling

Brussels, 12/05/2006 (Agence Europe) - On Friday, EU Trade Commissioner Peter Mandelson said the EU would not be re-introducing trade sanctions on 16 May against the United States in the Foreign Sales Corporation (FSC) case. The EU was reacting to a decision by the US Congress this week to fully abide by a 2000 ruling of the World Trade Organisation (WTO) that the FSC system of export subsidies was illegal. The WTO authorised the EU to take implement sanctions of up to a total of USD 4 bn...

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