WTO calls US state's Boeing subsidies illegal in win for EU - News Summed Up

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WTO calls US state's Boeing subsidies illegal in win for EU


Airbus was represented by the European Union in the case while the US federal government fought for Boeing and Washington state because companies and regional authorities are not represented at the Geneva-based WTO. According to Airbus's own estimates, Washington state has given Boeing tax breaks worth $8.7 billion (8.2 billion euros) in a scheme scheduled to run through 2040. "The 777X will not cost Boeing a single dollar to develop thanks to Washington State's taxpayers," Airbus president Fabrice Bregier said in a statement. Tit-for-tatThe EU has meanwhile also been reprimanded by the WTO during the tit-for-tat conflict between Airbus and Boeing. The EU has appealed that decision, insisting that the subsidies in question had in fact been discontinued.


Source: The Nation Bangkok November 28, 2016 15:48 UTC



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