WTO Says EU Has Failed To Comply In Airbus Subsidies Dispute
Rukhshan Mir (@rukhshanmir) Published September 22, 2016 | 09:15 PM
GENEVA, (APP - UrduPoint / Pakistan Point News -22nd Sep,2016) - The European Union has failed to stop subsidies to aircraft maker Airbus that were found to flout global trade rules, the World Trade Organiziation said Thursday.
The WTO ruling hands a victory to US rival Boeing in the latest twist to a years-long trans-Atlantic trade dispute over government subsidies. Boeing immediately said that the US could levy retaliatory duties against the EU of up to $10 billion a year after the WTO ruling.
For its part, Airbus denied it was breaking WTO rules and said it would appeal the ruling. "We only needed to make limited changes in European policies and practices to comply," said Airbus, adding that the firm "did what we needed to do and did it in the agreed timeframe." "We will address the few still remaining points indicated by the report in our appeal," concluded Airbus.
In its ruling, the WTO said that "the European Union and certain member States have failed to implement the recommendations and rulings of the DSB (Dispute Settlement Body) to bring its measures into conformity with its obligations" under international trade rules.
The case, which pits the US against its close trading partners the EU -- as well as France, Germany, Spain and Britain -- began in 2004 over alleged government handouts that fall foul of international trade rules.
Both giants have won and lost complaints filed against the other at the Geneva-based WTO. In December 2011, the EU said it had submitted a "package of actions that achieves full compliance" with the WTO ruling.
But the US disagreed and asked the WTO to rule on the issue. In parallel, the EU launched a separate dispute against the US over alleged subsidies to Boeing. The tit-for-tat dispute began when the US accused Brussels of overstepping a 1992 bilateral agreement allowing aviation companies on both sides of the Atlantic to receive limited amounts of aid.
Washington and Brussels have 20 days to lodge an appeal to the latest ruling.
Related Topics
Recent Stories
Dar for joint action to counter Islamophobia in context of Israeli aggression ag ..
Azam Tarar urges for effective implementation of Action Plan for Human Rights
PAF cadets' graduation ceremony held
One-day national seminar "Great Power Competition: Challenges and Opportunities ..
10 firms submit LoIs for PIA: Aleem Khan
Saudi Arabia launches Nusuk pilgrim card for the Hajj of 2024
High Commissioner Hawkins hosts reception to mark 'Australia Day in Spring'
PM forms inquiry committee to probe matter of wheat import
E-Evidence system inaugurated in Bahawalnagar district courts
Bitterness at UCLA as Gaza protest cleared
Kenya, Tanzania brace for cyclone as heavy rains persist
DC reviews seven-day anti-polio drive in Federal Capital
More Stories From World
-
Bitterness at UCLA as Gaza protest cleared
5 hours ago -
Kenya, Tanzania brace for cyclone as heavy rains persist
5 hours ago -
UK police arrest 45 at protest against migrant removals
5 hours ago -
Macron floats Ukraine troop deployment if frontline breached
5 hours ago -
Gaza needs biggest post-war reconstruction effort since WWII: UN
5 hours ago -
Kids study in overheated slum as Philippines shuts schools
7 hours ago
-
Macron floats Ukraine troop deployment if frontline breached
7 hours ago -
Biden says 'order must prevail' on US campuses amid protests
7 hours ago -
Death toll from rain, flooding in southern Brazil rises to 13
7 hours ago -
US says 'deeply concerned' by Georgia's 'foreign influence' bill
7 hours ago -
Kenya, Tanzania brace for cyclone as heavy rains persist
7 hours ago -
Gaza post-war reconstruction at scale unseen since WWII, UN says
7 hours ago