Author (Corporate) | European Commission: DG Communication |
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Series Title | Press Release |
Series Details | IP/12/238 (12.03.12) |
Publication Date | 12/03/2012 |
Content Type | News |
The European Commission has welcomed the WTO appeal ruling in the "Boeing case" which confirms that billions of dollars in US subsidies granted to Boeing are illegal under WTO rules. The WTO's Appellate Body rejected the US appeal and found that US Federal and State governments granted between US$ 5 and 6 billion WTO-incompatible subsidies to Boeing between 1989 and 2006. Subsidies to be granted after this date are estimated to be at least US$3.1 billion. The Appellate Body went even further than the previous WTO Panel ruling in supporting the EU's claims, notably by finding that the subsidies granted by the City of Wichita (Kansas) also flout WTO rules. |
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Source Link | Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/12/238&format=HTML&aged=0&language=EN&guiLanguage=en |
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Subject Categories | Business and Industry |
Countries / Regions | Europe, United States |