Dispute
Settlement Body 7 May 2003
EU granted permission to apply US$4 billion sanctions against US in Foreign Sales Corporation case but delays application
On 7 May 2003, the Dispute Settlement Body granted the European Union authorization to increase by the amount of US$4 billion its import tariffs on US goods.
SEE
ALSO:
press
releases
news
archives
Supachai
Panitchpakdi's speeches
> Find
disputes cases
> Find
disputes documents
>
Disputes
chronologically
> Disputes by subject
> Disputes by
country
NOTE:
This summary has been prepared by the WTO Secretariat抯 Information and
Media Relations Division to help public understanding about developments
in WTO disputes. It is not a legal interpretation of the issues, and it is
not intended as a complete account of the issues. These can be found in
the reports themselves and in the minutes of the Dispute Settlement
Body抯 meetings.
Panel request
DS277: United States ?Investigation of the International Trade Commission in softwood lumber from Canada
Canada requested for the second time the establishment of a panel to examine the case.
The United States said that Canada's claim lacked merit because objective facts had shown the threat of material injury for US industry.
The panel was established and the following Members requested to be third parties: EC and Japan.
back to top
Authorization to suspend concessions
DS108: United States ?Tax treatment for 揊oreign Sales Corporations?/b>
The EC requested authorization from the DSB to take appropriate countermeasures (see WT/DS108/26) and to suspend concessions vis-?vis the US for an amount of US$4.04 billion per year according to the arbitration report WT/DS108/ARB issued in August 2002. The EC added on a more positive note that obtaining the authorization did not mean that they would immediately resort to countermeasures. The EC said that they were still willing to give the US a short additional period to make the necessary legislative changes.
The United States analyzed at length the arbitration which set the amount of countermeasures at US$4.04 billion. The US said that the arbitration decision was seriously flawed and capricious. The United States, however, informed the DSB of its intention to comply with its obligations and said that they did not believe therefore that it would be necessary to ever exercise the DSB's authorization.
back to top
Next meeting
The next meeting of the DSB will take place on 19 May 2003.
Search
Documents Online
The
links on each case number search Documents Online for all documents
on that case. They open a
new window: allow a moment for the results to appear.
> help
You can perform more sophisticated searches from the Documents Online search facility (opens in new window) by defining multiple search criteria such as document code WT/DSxxx (where 搙xx?is the case number), full text search or document date.