Edition: Global  
One News Page
“Probably the fastest-access news portal in the world”
> >

WTO backs Boeing over Airbus in latest round of government subsidies row

Duration: 00:37s - Published: < > Embed
News video: WTO backs Boeing over Airbus in latest round of government subsidies rowThe World Trade Organisation has ruled against the European Union over subsidies to planemaker Airbus. The global trade body says the EU has failed to comply with its earlier rulings that billions of euros of European government loans to Airbus were illegal state aid. WTO panel issues compliance report on US challenge to EU aircraft subsidies #TradeDisputes https://t.co/Q8cnFnYZHx— WTO (@wto) September 22, 2016 The WTO has sided with Boeing, saying the loans were a “genuine and substantial” cause of significant lost sales by the US aviation giant. The United States said Airbus had failed to undo subsidies worth $22 billion, including $4 billion for the A350. US Trade Representative Michael Froman said the subsidies had cost US workers exports worth tens of billions of dollars. “We expect the EU, Germany, France, the United Kingdom, and Spain – some of our closest trading partners – to respect WTO rules. We call on them to end subsidised financing of Airbus immediately,” he said in a statement. It is the latest round in a bitter dispute that has been raging for 12 years with Boeing and Airbus accusing each other over government subsidies. EU hints at appeal against new WTO report on Airbus subsidies https://t.co/9WucFmUeJA pic.twitter.com/UIG8NQ46lO— Reuters World (@ReutersWorld) September 22, 2016 “We are closely analysing the report,” the European Commission said. Brussels called the WTO findings “unsatisfactory” and is likely to appeal against them. In earlier findings, the WTO ruled that both Airbus and Boeing received unfair subsidies worth billions of dollars.

0
shares
Share on
Facebook
Share on
Twitter
Post on 
Reddit
Share by
Email
 

Recent related news

WTO slams EU for failing to remedy harm to Boeing from illegal Airbus subsidies

A dozen years after the U.S. dragged the European Union to the WTO, and six years after government...
Seattle Times - Front PageAlso reported by •ReutersBangkok Post


​Boeing applauds WTO ruling against EU and Airbus in ongoing subsidy case

In a decision hailed by U.S. officials as a “sweeping victory,” the World Trade Organization on...
bizjournals - Business

US allows Boeing, Airbus to sell planes to Iran

New York, Sep 22: Aviation giants Airbus and Boeing have obtained a US government licence to complete...
Oneindia - World

Airbus says US grants license for planes in Iran deal

DUBAI, United Arab Emirates (AP) — Airbus says the U.S. government has granted it a license...
Seattle Times - Front Page

WTO compliance panel sides with Boeing in Airbus spat

A compliance panel of the World Trade Organization (WTO) has found European plane maker Airbus has...
Deutsche Welle - Business


You Might Like

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2016 One News Page Ltd. All Rights Reserved.  |  About us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Privacy Policy  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Help  |  Contact us  |  DMCA / Content Removal
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter   FIND us on Google+