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WTO decision: New victory for Boeing in dispute with Airbus


TIME ONLINE | News, backgrounds and debates

GENEVA (AP) - In the long-running dispute between the aircraft manufacturers Airbus and Boeing, the European consortium has again suffered a setback. The World Trade Organization (WTO) rejected a push by the European Union.

In it, the EU had declared that it had removed 18 allegations of undue subsidies for Airbus. The measures involved loans from the four EU Member States, Germany, France, Spain and the United Kingdom, to finance Airbus' development of the A380 and the A350 XWB jet.

The organization was unable to demonstrate that the changes were in line with the WTO. Thus, the recent WTO decision, which allows the US in return for subsidy violations punitive tariffs on EU imports worth up to 7.5 billion dollars (6.9 billion euros) in force. Both sides have the opportunity to appeal within 30 days.

Source: zeit

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