Airbus: WTO to mull U.S. plea for sanctions

‘EU made illegal subsidies to Airbus’

July 19, 2018 10:27 pm | Updated 10:27 pm IST - GENEVA

World Trade Organization (WTO) arbitrators will evaluate a U.S. request to impose billions of dollars worth of sanctions on European products after a final WTO ruling that found the European Union (EU) had made illegal subsidies to Airbus.

The United States had made the request last Friday for the three judges to set the level of retaliatory sanctions after the WTO appeals body ruled on May 15 that the EU had failed to remove subsidised government development loans for the world’s largest airliner, the A380, and Europe’s newest long-haul jet, the A350, causing losses for Boeing and U.S. aerospace workers.

In its initial request in December 2011, the United States said that based on data at the time, it estimated the annual value of lost sales at between $7 billion and $10 billion.

No current U.S. estimate was cited in the brief announcement in the WTO document posted on Thursday.

Top News Today


Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.