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EU appeals WTO ruling on Boeing aircraft subsidies

Thu Mar 31, 2011 11:01 AM EDT
world-news, business, eu, european-union, boeing, wto, world-trade-organization
Associated Press

FILE - In this file photo taken Feb. 14, 2011, a Boeing 777 jet stands in a production line at the company's manufacturing plant, in Everett, Wash. Boeing Co. said Thursday, March 24, 2011, cargo hauler FedEx has ordered four more of its 777s. (AP Photo/Elaine Thompson, file)

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GENEVA — The European Union is appealing its own victory in a trade ruling against U.S. planemaker Boeing Co. by asking the World Trade Organization to toughen its condemnation of American subsidies for Boeing-made aircraft.

The ruling published Thursday based on EU complaints concluded Boeing received at least $5 billion in subsidies between 1989 and 2006 that were prohibited under international trade rules.

The EU alleged Boeing received at least $24 billion in improper subsidies.

Friday's appeal is also a tactical move that cuts the time the U.S. has to prepare its own appeal.

The WTO ruled in a separate U.S. complaint that Boeing's rival Airbus gained unfair advantage through billions worth of low-interest loans, grants and other provisions.

© 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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  • Groups: EconVine
  • Regions: United States , Geneva
  • Public Discussion (2)
BXURZ

If European governments can support their national industres, why can't the US do the same,..

    Reply#1 - Thu Mar 31, 2011 11:23 AM EDT
    BXURZ

    And no,... no one is going to 'make up' for 45 billion in lost European aircraft sales, 'what are you smokin'?.... EADS is still moping around about their KC-X Tanker competition loss,...

      #1.1 - Thu Mar 31, 2011 3:33 PM EDT
      Reply
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