Tuesday, May 24

Any claim win Boeing, Airbus with the WTO ruling

Geneva - European aircraft manufacturer Airbus received State subsidies which it violated U.S. competitor Boeing Inc., but not all of them were illegal according to international rules, said Wednesday the World Trade Organization.

The mixed decision an appeal of Panel allowed Brussels and Washington both claim a victory type in their tit-for-tat dispute over grants for aircraft manufacturers, the become the most expensive and complex is to hear from the international trade body.

The Appeals Panel confirmed an earlier decision in June, which found that U.S. Boeing, lose market share in several markets, had caused European subsidies for Airbus competitors particularly in Asia.

Concluded that financial assistance provided UK, Spain, Germany, and France for the development of several aircraft "serious damage to the interests of the United States caused by."

But the Panel lifted an earlier finding that certain scholarships, such as for research and development, had constituted a "prohibited export subsidy", and said Boeing had not market share in Brazil, lost Mexico, Singapore and Taiwan due to the subsidies.

The appeals ruling described EU Trade Commissioner Karel de Gucht as a "significant result."

He said "The U.S. claim that receive export subsidies banned Airbus fully rejected,". "In addition a number of claims in respect of R & D and infrastructure, among other things were either rejected or partially accepted."

His counterpart in Washington, US trade representative Ron Kirk, the Panel said the decision still meant that $18 billion in illegal state aid over four decades was Airbus had.

"These subsidies have significantly damaged the United States, including Boeing caused to lose sales and market share in key markets around the world", Kirk said. "Start Help is illegal, and the European Union and the Member States aid should future launch payouts do without."

Boeing and Airbus, heralded the decision as a win for their side.

"This is clear, definitive victory for fair trade that level the playing field for America's air and workers" was quoted Chairman Jim McNerney Boeing in a statement.

Airbus CEO Tom Enders said with the results he was satisfied. "This is a great victory for Europe," he said.

Upbeat statements from all sides are a common feature of long-running transatlantic dispute over a market assuming that become worth more than $3 trillion in the next two decades.

Brussels has drawn the United States, before the world trade body over what it says are illegal subsidies for Boeing.

In March, the WTO ruled that at least $5 billion in subsidies between 1989 and 2006, which banned under international trade rules Boeing were received.

This judgment is also inserted is.

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