US to en­force rul­ing on Air­bus

The Myanmar Times - - Business -

THE Obama ad­min­is­tra­tion will press the World Trade Or­gan­i­sa­tion (WTO) to en­force a panel re­port that found the Euro­pean Union guilty of main­tain­ing il­le­gal sub­si­dies to Air­bus.

The US Trade Rep­re­sen­ta­tive plans a spe­cial meet­ing at the WTO on Oc­to­ber 14 as it de­fends US air­craft pro­ducer Boe­ing’s mar­ket po­si­tion against what it calls un­fair com­pe­ti­tion from its Euro­pean rival.

That fol­lows the Septem­ber 22 find­ing of a WTO ap­peals board that the EU failed to end il­le­gal sub­si­dies for Air­bus.

The US wants the WTO to for­mally adopt the ap­peals panel’s find­ings, and “will press for the rapid en­force­ment of those find­ings in a spe­cial meet­ing of the WTO’s Dis­pute Set­tle­ment Body”, the US Trade Rep­re­sen­ta­tive’s of­fice said in a statement.

The WTO ap­peals panel said that the EU had not taken the steps or­dered by the WTO in 2011 to with­draw sev­eral sup­port and sub­sidy pro­grams for Air­bus.

The WTO did not give a value to those pro­grams, but Boe­ing said they amounted to US$22 bil­lion worth of il­le­gal sup­port for Air­bus de­vel­op­ment and sales. –

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