The Dispute Settlement Body (DSB) of the World Trade Organization (WTO) on October 14 agreed to approve a request from the United States for authorization to impose retaliatory measures on the European Union (EU) and four EU member states in the Airbus case.
Illustrative image.The authorization is granted as a result
of an earlier WTO's ruling which found that the EU and the four member states
-- namely France, Germany, Spain
and Britain -- failed to
remove subsidies for the European aircraft manufacturer Airbus which had caused
harm to Airbus' US
rival, Boeing.
The United States may now impose
countermeasures on EU goods and services up to a value of nearly US$7.5 billion
annually, in line with the figure decided by a WTO arbitration ruling issued on
Ocober 2.
In a statement issued earlier this
month, the EU also said that "Both the EU and the US have been found at
fault by the WTO dispute settlement system for continuing to provide certain
unlawful subsidies to their aircraft manufacturers," and "in the
parallel Boeing case, the EU will in some months equally be granted rights to
impose countermeasures against the US as a result of its continued failure to
comply with WTO rules".
Also earlier this month, the United States
said that it would impose tariffs on a wide range of EU goods starting October
18.
Source: NDO
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