Teller Report

Now you can see non-English news...

WTO decision: New victory for Boeing in dispute with Airbus

2019-12-02T16:01:46.653Z

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

Life/Entertain 2019-10-22T18:36:40.351Z
News/Politics 2020-03-31T13:27:43.240Z
News/Politics 2020-03-31T02:19:06.075Z
news 2020/04/01    

© Communities 2019 - Privacy