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WTO: European Union still subsidizes construction of Airbus aircraft

2019-12-02T17:50:14.906Z

The European Union has not yet withdrawn all subsidies to European aircraft maker Airbus, according to a report from the World Trade Organization (WTO) on Monday. Several European member states are still investing money in A350 aircraft, the trade organization concludes.



The European Union has not yet withdrawn all subsidies to European aircraft maker Airbus, according to a report from the World Trade Organization (WTO) on Monday. Several European member states are still investing money in A350 aircraft, the trade organization concludes.

With the conclusion, the WTO paves the way for American import tariffs on European products such as Dutch cheeses and Scottish whiskeys.

According to the trade organization, the United States has suffered damage as a result of the support of various Member States. This damage can be recovered from the WTO through import taxes of 7.5 billion dollars (6.81 billion euros).

The trade organization already concluded at the beginning of October that the aircraft manufacturer was supported illegally for years by European subsidies. The decision partly ended the fight that has been going on for fifteen years about support programs for aircraft builders Airbus and Boeing. The latter company also received illegal support, but then from the US government.

At the beginning of 2020, the WTO judged how high the rates that the EU could charge in response to those illegal subsidies were. Airbus has not yet responded to the publication of the news agency.

Source: nunl

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