EU says WTO confirms Boeing received 'billions' in US aid
(BRUSSELS) - The European Commission on Monday welcomed a WTO ruling in a dispute with Boeing, saying it confirmed billions of dollars in US subsidies to Boeing were illegal under WTO rules.
"Today's ruling vindicates the EU's long-held claims that Boeing has received massive US government hand-outs in the past and continues to do so today", said EU Trade Commissioner Karel De Gucht."
"The costs to EU industry from these long-term subsidies run into billions of euro," he added in a statement released in Brussels.
The response came as the United States took the opposite stand, saying the World Trade Organization decision confirmed that Europe's unfair trade subsidies to aircraft maker Airbus have dwarfed US aid to Boeing.
The European Union executive said the WTO's Appellate Body had rejected the US appeal and found that US Federal and State governments granted between $5 and $6 billion of WTO-incompatible subsidies to Boeing between 1989 and 2006.
"Subsidies to be granted after this date are estimated to be at least $3.1 billion," a Commission statement said.
"This landmark ruling clearly shows the US has used an unlawful way of supporting business that has stood in the way of fair competition," De Gucht added. "The US should now put an end to such harmful subsidies."
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