US to enforce ruling on Airbus
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. –