EU seeks $12bn in sanctions against U.S. over Boeing

EU seeks $12bn in sanctions against U.S. over Boeing

PanARMENIAN.Net - The European Union is seeking some $12 billion in sanctions against the United States as part of a long-running dispute before the World Trade Organization involving subsidies to plane makers Airbus and Boeing, The Associated Press reported.

The Geneva-based trade body said Thursday, Sept 27, that the EU plans request on Oct 23 the right to impose the sanctions.

On Monday, the U.S. claimed it had complied with a March WTO ruling against illegal subsidies to Boeing by stopping some payouts to the company through NASA and the Pentagon and by removing some beneficial tax and funding policies.

The WTO panel has also ruled that European governments provided $18 billion in subsidies to Airbus — though not all were deemed illegal.

Partner news
 Top stories
Tigran Sargsyan noted that the new plant will be constructed after the current one is finally out of operation.
IFC invested $244 million in 40 projects across a range of sectors, including financial markets, manufacturing, and mining.
Armenian Prime Minister addressed a letter to Public Services Regulatory Commission over the reconsideration of gas prices.
Armenia’s Public Services Regulatory Commission plans to reconsider electricity generation and distribution prices.
Partner news