Major Win for the EU in the WTO Dispute on Boeing
EU News 386/2016
Brussels, 28 November 2016
The United States' massive support for production of the Boeing 777X is in breach of international trade rules, according to today's WTO panel report.
The WTO confirmed that the US 2013 decision to extend tax breaks for Boeing until the year 2040 goes against previous WTO rulings. By making these tax breaks depend on the use of domestically produced wings, the US also discriminated against foreign suppliers.
This is the second ruling concerning the US subsidies to Boeing. The American measures considered under this case alone amount to USD 5.7 billion, and have now been recognised by the WTO panel as subsidies that are illegal.
Source and additional information:
Twitter: @BoeingDefense URL