EU failed to cut off illegal subsidies to Airbus, WTO rules
The long-running battle over billions of dollars in state subsidies to Airbus Group and Boeing intensified Thursday when the World Trade Organisation ruled that European govts had failed to end unfair funding to Airbus. The ruling moves the US one step closer to being able to impose more than US$5b in annual tariffs against goods and services from the EU as soon as next year. The WTO said that the EU and some of its member states “failed to comply” with an earlier ruling to remove the subsidies or void their effect to Airbus. EU compliance efforts fell short, the WTO said. The trade body in a future ruling is expected to find that the US, similarly, didn’t sufficiently address concerns about subsidies benefiting Boeing. It could lead to the EU being allowed to impose similar sanctions on US exporters. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-09-23/general/eu-failed-to-cut-off-illegal-subsidies-to-airbus-wto-rules
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EU failed to cut off illegal subsidies to Airbus, WTO rules
The long-running battle over billions of dollars in state subsidies to Airbus Group and Boeing intensified Thursday when the World Trade Organisation ruled that European govts had failed to end unfair funding to Airbus. The ruling moves the US one step closer to being able to impose more than US$5b in annual tariffs against goods and services from the EU as soon as next year. The WTO said that the EU and some of its member states “failed to comply” with an earlier ruling to remove the subsidies or void their effect to Airbus. EU compliance efforts fell short, the WTO said. The trade body in a future ruling is expected to find that the US, similarly, didn’t sufficiently address concerns about subsidies benefiting Boeing. It could lead to the EU being allowed to impose similar sanctions on US exporters. <br/>
