WTO rules that EU failed to remove all Airbus subsidies
The World Trade Organization ruled on Tuesday the European Union had ignored requests to halt all subsidies to Airbus, prompting the United States to threaten sanctions against European products unless it stops "harming U.S. interests".
The WTO said the EU had failed to remove support for the world`s largest airliner, the A380, and Europe`s newest long-haul plane, the A350, causing losses for Boeing and U.S. aerospace workers.
However, participants said the Geneva watchdog narrowed the scope of a long-running trade dispute by dismissing complaints about the impact of subsidies for a number of other Airbus jetliner programmes, on the grounds they happened too long ago.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.