WTO rules against Boeing in key case for EU airline industry.
In a landmark case, the World Trade Organisation has ruled that US aviation giant Boeing has received billions of dollars of improper subsidies from the US government over the course of the last 30 years. The WTO panel concluded that the subsides, that took the form of research and development grants, had provided the US aviation company with an unfair advantage over its rivals.
The ruling will provide a boost to European companies such as Airbus who are fighting for an increased share in the global aviation market.
Robert Sturdy MEP, Conservative Spokesman on International Trade, said:
’I am fully supportive of the WTO and its principles of free and unimpeded international trade. I welcome the ruling on this matter and I hope that the issue will be resolve quickly and amicably, with both sides coming to a mutually agreed solution’.
For further information contact: Robert Sturdy MEP– email@example.com
Tel: 0032 22837294