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EU challenges WTO decision in Boeing row | |
(about 11 hours later) | |
The European Union (EU) has appealed against a recent World Trade Organization (WTO) ruling in favour of the US over its state aid for Boeing. | The European Union (EU) has appealed against a recent World Trade Organization (WTO) ruling in favour of the US over its state aid for Boeing. |
Earlier this month a WTO dispute panel found the US had dealt with all but one of the instances of illegal subsidies to the aerospace giant. | Earlier this month a WTO dispute panel found the US had dealt with all but one of the instances of illegal subsidies to the aerospace giant. |
But Airbus maintains the US continues to offer unfair support. | But Airbus maintains the US continues to offer unfair support. |
The fight is part of a 13-year dispute between the EU and the US over support offered to Boeing and Europe's Airbus. | The fight is part of a 13-year dispute between the EU and the US over support offered to Boeing and Europe's Airbus. |
In 2012, the WTO found that state and federal programmes provided Boeing with billions of dollars in illegal subsidies. | In 2012, the WTO found that state and federal programmes provided Boeing with billions of dollars in illegal subsidies. |
On 9 June the WTO's dispute panel found most of those issues had been addressed. | On 9 June the WTO's dispute panel found most of those issues had been addressed. |
However, generous tax benefits offered by the state of Washington, where Boeing has a large presence and which are worth an estimated $800m to date, continue. | However, generous tax benefits offered by the state of Washington, where Boeing has a large presence and which are worth an estimated $800m to date, continue. |
Both sides claimed the panel's June findings as a victory. | Both sides claimed the panel's June findings as a victory. |
The WTO has also found that Europe provided billions in illegal subsidies to Airbus. | The WTO has also found that Europe provided billions in illegal subsidies to Airbus. |
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