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Boeing calls WTO ruling against EU's Airbus subsidy 'landmark decision'
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IANS | 16 May, 2018
US top aircraft manufacturer Boeing Co. (Boeing) on Tuesday called as "a
landmark decision" a ruling by the World Trade Organization (WTO)
determining that the European Union (EU) has provided billions of US
dollars in subsidies to European aircraft maker Airbus.
Boeing
said the WTO has found that the EU has failed to honour multiple
previous rulings and provided more than "$22 billion of illegal
subsidies" to its business archrival Airbus.
"After examining
this case for more than a decade, the WTO has determined the EU must end
its unfair business practices and remedy the ongoing harm caused by the
illegal subsidies," Xinhua quoted Boeing as saying.
The latest
WTO ruling on the decade-old case, which was initiated in 2006, ends the
dispute and clears the way for the United States Trade Representative
(USTR) to seek remedies in the form of tariffs against European exports
to the US, Boeing said.
The US has accused European governments
of providing favourable loans to Airbus for its A380 superjumbo and the
A350 long-range jet that compete with Boeing's 747 jumbo jet and 787
Dreamliner, respectively.
The US can now take steps to establish the level of sanctions it can impose on European exports under WTO rules.
Boeing
said the US is expected to levy billions of retaliatory tariffs on the
European exports, possibly the largest ever, which could come as early
as 2019.
"Today's final ruling sends a clear message: disregard
for the rules and illegal subsidies is not tolerated. The commercial
success of products and services should be driven by their merits and
not by market-distorting actions," said Dennis Muilenburg, Boeing
Chairman, President and CEO.
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