WTO news: what’s been happening in the WTO

30 August 2002

Moore urges US-EU to resolve differences between them

Director-General Mike Moore issued the following statement today related to a WTO arbitration decision in the European Union-United States of America dispute concerning the U.S. Foreign Sales Corporation tax law.

“The arbitration ruling marks a further stage of WTO involvement in this long-running and difficult dispute. I have been following the FSC case closely and I commend both parties for working in a constructive manner throughout the duration of this dispute. I urge both parties to continue to cooperate and work toward resolving this dispute and the others between them in an amicable and constructive fashion. The European Union and the United States are among the most important members of this organization and both hold a special responsibility to ensure the continued health and soundness of WTO and global trading system.”
Download the decision of the Arbitrator on the US Tax Treatment for “Foreign Sales Corporations” 
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