Top
Begin typing your search above and press return to search.
keyboard_arrow_down
Login
exit_to_app
Making democracy invisible
access_time 24 Sep 2020 6:43 AM GMT
Points to ponder before the Al-Qaeda hunt
access_time 22 Sep 2020 6:25 AM GMT
Farmer rage and Opposition parties
access_time 19 Sep 2020 6:51 AM GMT
access_time 19 Sep 2020 3:50 AM GMT
DEEP READAll arrow_drop_down
exit_to_app
Homechevron_rightBusinesschevron_rightWTO body formally OKs...

WTO body formally OKs US sanctions against EU in Airbus case

text_fields
bookmark_border
WTO body formally OKs US sanctions against EU in Airbus case
cancel

Geneva: The World Trade Organization has formally given the go-ahead for the United States to impose trade sanctions on up to USD 7.5 billion worth of European Union goods following a ruling that European plane maker Airbus received illegal subsidies.

The move by the trade body's dispute settlement body was largely a formality after the long-awaited Oct. 2 ruling by a WTO arbitration panel.

For that ruling to be blocked, every country including the United States that attended the settlement body's meeting Monday would have had to reject it.

The record USD 7.5 billion ruling found that the European bloc and member states Britain, France, Germany and Spain failed to remove improper subsidies for Airbus that hindered sales by U.S. rival Boeing.

The Trump administration plans to impose the sanctions starting Friday.

Show Full Article
TAGS:
Next Story