Business Standard

WTO backed Boeing on $8.7 bn in incentives for 777X Jet

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Boeing won a round in a long-running US trade dispute with the European Union over government backing for the planemaker and competitor Airbus. The World Trade Organizati­on’s appellate body overruled a lowerlevel finding that $8.7 billion in tax incentives awarded by Washington state to Chicago-based Boeing for the developmen­t of the 777X jetliner constitute­d the most serious transgress­ion of subsidy restrictio­ns. The appellate body isn’t making a recommenda­tion in the dispute, it said in a statement. “This was a sweeping and clean win for the United States,” Boeing General Counsel J Michael Luttig said in a separate statement. “The latest of the false claims Airbus and its government sponsors have made has now been rejected by the WTO.”

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