Wed, Feb 02, 2011 - Page 10 News List

WTO issues report on Airbus, Boeing

CALL IT A TIE:Both parties are claiming that the report supports their claims. The ruling is supposed to be private until it has been translated into Spanish and French

AFP, GENEVA

Boeing countered that the WTO had issued a “sweeping rejection” of EU claims it had received illegal subsidies.

“Today’s reports confirm the interim news from last September that the WTO rejected almost all of Europe’s claims against the United States, including the vast majority of its R&D [research and development] claims — except for some [US]$2.6 billion,” Boeing said in a statement. “This represents a sweeping rejection of the EU’s claims.”

“Nothing in today’s reports even begins to compare to the [US]$20 billion in illegal subsidies that the WTO found last June that Airbus/EADS has received,” Boeing said.

“The WTO’s decisions confirm that European launch aid stands alone as a massive illegal subsidy only available to Airbus, which has seriously harmed Boeing, distorted competition in the aerospace industry for decades, and resulted in the loss of tens of thousands of good-paying US jobs,” the Chicago-based aerospace and defense giant said.

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