Press Release: Foreign Sales Corporations: EU welcomes WTO award of $4 billion of countermeasures and renews call for expeditious US compliance with WTO rules

The history of this case goes back to 1971 to the Domestic International Sales Corporation (DISC) scheme, which was declared an illegal export subsidy by a GATT panel in 1976 (the panel ruling was adopted in 1981). The US replaced the DISC scheme with the Foreign Sales Corporations scheme in 1984. Following further complaints by EU companies, and in view of the increasing amount of FSC subsidies being granted by the US, the EU resumed bilateral contacts with the US in 1997. Since no progress was made, the EU requested a WTO panel to pronounce itself on the dispute.

http://trade-info.cec.eu.int/wtodispute/show.cfm?id=152&code=1 http://trade-info.cec.eu.int/wtodispute/show.cfm?id=152&code=1

http://mkaccdb.eu.int/miti/dsu?FICHE=GO&CASE=WT/DS108 http://mkaccdb.eu.int/miti/dsu?FICHE=GO&CASE=WT/DS108

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