The EU and the US accuse each other of having provided illegal state aid to their respective aircraft manufacturers. FMTNews WTO EU Boeing
GENEVA: The World Trade Organization authorised Tuesday the EU to impose steep retaliatory tariffs over US aid for Boeing, a year after permitting Washington to sanction Brussels for its support of Airbus.
The WTO determined that that amount was “commensurate with the degree and nature of the adverse effects determined to exist” from US support for Boeing considered to be in violation of international trade rules, according to the 121-page arbitrator’s report. The EU and the US accuse each other of having provided illegal state aid to their respective aircraft manufacturers, and both brought claims before the WTO’s Dispute Settlement Body .
Last year, the WTO authorised a record US$7.5 billion in US sanctions against European goods and services over the bloc’s assistance to Airbus, also considered improper under international trade regulations.
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