Tags: EU | Airbus | WTO

European Union to Challenge Trade Ruling against Airbus

Thursday, 13 October 2016 02:15 PM EDT

FRANKFURT, Germany (AP) — The European Union is appealing a trade ruling that found it had provided government aid to aircraft maker Airbus, the archrival of U.S. company Boeing.

The World Trade Organization said in a statement Thursday the EU is contesting the ruling that it has not complied with a June 2011 decision that it and four member countries provided subsidized financing to Airbus.

While the EU subsequently claimed to have come into compliance, the United States disagreed and requested that a compliance panel intervene. The WTO ruled mostly in favor of the U.S. on Oct. 6.

The international body, which helps solve trade disputes, found the EU had provided billions of dollars more in subsidies, causing lost sales worth tens of billions of dollars for Airbus' chief competitor, Boeing Co.

© Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Europe
The European Union is appealing a trade ruling that found it had provided government aid to aircraft maker Airbus, the archrival of U.S. company Boeing.The World Trade Organization said in a statement Thursday the EU is contesting the ruling that it has not complied with a...
EU,Airbus,WTO
131
2016-15-13
Thursday, 13 October 2016 02:15 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved