Airbus takes final approach to settle 16-year WTO row with US
Airbus has said it is taking the last step to end 16 years of bitter litigation with the US at the WTO over subsidies that the White House said disadvantaged Boeing. The manufacturer Friday said it will end a system of financial support from France and Spain that the WTO had deemed illegal and unfair to Boeing. The Trump administration used the case as justification to slap tariffs on EU exports worth $7.5b. Airbus has discussed the litigation in recent months with representatives of the Scotch whisky trade whose single malt exports were targeted, as well as French wine producers and Spanish olive growers. “After 16 years of litigation at the World Trade Organization, this is the final step to stop the long-standing dispute and removes any justification for US tariffs,” Airbus said. The EU’s trade commissioner, Phil Hogan, said: “Unjustified tariffs on European products are not acceptable and, arising from the compliance in the Airbus case, we insist that the United States lifts these unjustified tariffs immediately.” Boeing faces a parallel ruling from the WTO, due in September, that will determine how harshly the EU can retaliate over aid from the US to its aerospace champion.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-07-27/general/airbus-takes-final-approach-to-settle-16-year-wto-row-with-us
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Airbus takes final approach to settle 16-year WTO row with US
Airbus has said it is taking the last step to end 16 years of bitter litigation with the US at the WTO over subsidies that the White House said disadvantaged Boeing. The manufacturer Friday said it will end a system of financial support from France and Spain that the WTO had deemed illegal and unfair to Boeing. The Trump administration used the case as justification to slap tariffs on EU exports worth $7.5b. Airbus has discussed the litigation in recent months with representatives of the Scotch whisky trade whose single malt exports were targeted, as well as French wine producers and Spanish olive growers. “After 16 years of litigation at the World Trade Organization, this is the final step to stop the long-standing dispute and removes any justification for US tariffs,” Airbus said. The EU’s trade commissioner, Phil Hogan, said: “Unjustified tariffs on European products are not acceptable and, arising from the compliance in the Airbus case, we insist that the United States lifts these unjustified tariffs immediately.” Boeing faces a parallel ruling from the WTO, due in September, that will determine how harshly the EU can retaliate over aid from the US to its aerospace champion.<br/>
