Arab Today, arab today us rejects eu claim of illegal boeing subsidies
Last Updated : GMT 14:23:27
Arab Today, arab today
Arab Today, arab today

US rejects EU claim of illegal Boeing subsidies

Arab Today, arab today

Arab Today, arab today US rejects EU claim of illegal Boeing subsidies

Geneva- AFP

The United States shrugged off on Wednesday European Union plans to take it back to the World Trade Organization over subsidies to aerospace giant Boeing, accusing the EU of far greater handouts. \"On the one side we have $90 billion (70 billion euros) of illegal financing of Airbus by the EU and on the other side we have $3.0-$4.0 billion for Boeing,\" said Michael Punke, US representative at the trade arbiter. The US ambassador said it was \"no surprise\" the EU wanted WTO consultations after Brussels claimed that Washington failed to meet a Monday deadline to end illegal subsidies to Boeing -- a measure imposed by the Geneva-based body in March. \"The process will follow its course,\" said Punke, adding that \"many of the subsidies are still in place in the EU, especially those for the development of the Airbus 380. \"We have come into compliance and we believe Airbus has not,\" he told journalists. US authorities said Sunday they had worked with the space agency NASA, the Defense Department, the northwestern state of Washington and Boeing\'s home city of Wichita, Kansas, to ensure conformity with the WTO ruling. But the office of the EU\'s Trade Commission on Tuesday said there was a \"lack of information in the US notification\" and the EU review suggested \"that the US has neither withdrawn the illegal subsidies granted to Boeing, nor removed their adverse effects.\" \"The EU even has indications that the US could have actually granted more illegal subsidies to Boeing in the meantime,\" the EU office added. The EU said the WTO\'s Appellate Body had found that US federal and state governments granted $5.0-6.0 billion in WTO-incompatible subsidies to Boeing between 1989 and 2006. Subsidies granted after this period \"are estimated to be at least $3.1 billion,\" it added. Under an agreement between Brussels and Washington, the two sides have 15 days to try and resolve the dispute, failing which the WTO can put in place a expert panel to examine the US measures to end subsidies. Boeing and its European rival Airbus dominate the global aircraft business and have been at odds since 2004 over the issue of government subsidies, with both having won and lost complaints filed against the other at the WTO.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us rejects eu claim of illegal boeing subsidies Arab Today, arab today us rejects eu claim of illegal boeing subsidies

 



Arab Today, arab today
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Blind sheikh buried in Egypt

GMT 06:32 2017 Thursday ,23 February

Blind sheikh buried in Egypt
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 16:32 2017 Wednesday ,22 February

US Treasury chief tells IMF to monitor currencies

GMT 16:08 2017 Wednesday ,22 February

Qatari banks merger to rebalance financial sector

GMT 05:57 2017 Wednesday ,22 February

Britain risks clash with EU over RBS bailout

GMT 05:26 2017 Wednesday ,22 February

Singapore carbon tax would hit refiners, help renewables

GMT 05:18 2017 Wednesday ,22 February

Chinese PM: US should avoid ‘trade war,’

GMT 20:59 2017 Tuesday ,21 February

Economy good, but homes in German cities overpriced

GMT 05:29 2017 Tuesday ,21 February

Sovereign funds pulled $38bn from markets in 2016
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Salma Rashid happy for 'A Whisper of Love'

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday