World trade body rules against Air­bus sub­si­dies from Europe

Austin American-Statesman - - BUSINESS & PERSONAL FINANCE -

The World Trade Or­ga­ni­za­tion ruled that Air­bus SAS re­ceived bil­lions of dol­lars in il­le­gal Euro­pean govern­ment sub­si­dies for its air­craft, Boe­ing Co. of­fi­cials said Wed­nes­day as the agency, which gov­erns in­ter­na­tional trade, re­leased its find­ings and con­cluded that the prac­tice must end.

The case dates to 2004, when the U.S. filed a com­plaint with the WTO al­leg­ing that Air­bus had re­ceived $200 bil­lion worth of aid from the gov­ern­ments of France, Ger­many, the United King­dom and Spain. The U.S. al­leged that the aid al­lowed Air­bus to win more than half the com­mer­cial air­plane mar­ket from Boe­ing, which for years had been the world’s lead­ing man­u­fac­turer of pas­sen­ger jets.

The WTO re­leased its 1,000-page re­port to U.S. trade of­fi­cials and their Euro­pean coun­ter­parts three month ago, but it had re­mained con­fi­den­tial un­til now so it could be of­fi­cially trans­lated. In the com­ing weeks, the WTO is ex­pected to re­lease its in­terim re­port in a case brought by the Euro­peans al­leg­ing that Boe­ing also had re­ceived il­le­gal sub­si­dies.

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