US to File Case Over Airbus Subsidies
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The United States will on Wednesday file a complaint at the World Trade Organization over what it called &quot;unfair&quot; European Union subsidies to aircraft manufacturer Airbus.
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The United States and European Union should abandon their costly WTO feud over aircraft subsidies and negotiate a new trade pact, Airbus's US chief said Thursday.
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The EU has hit back after Washington filed a case at the World Trade Organisation over state aid for aircraft maker Airbus EAD.PA , filing its own case over what it called &quot;massive illegal&quot; aid for Boeing BA.
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The United States said on Tuesday it may soon take legal action in a trade row over government help for Airbus and Boeing, particularly as the European aircraft maker was seeking support for a new project.
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WASHINGTON (AFX) -- The US has filed a case with the World Trade Organization alleging that the European Union provides unfair government funding to Airbus, United States Trade Representative Robert Zoellick announced Wednesday.
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The top trade officials from the United States and the European Union will discuss a row over state subsidies accorded US aircraft manufacturer Boeing and European rival Airbus at a meeting here October 18, a European Commission spokeswoman said.
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The United States bristled on Friday at an Airbus plan to ask for up to 1 billion euros in European government loans to develop a new plane despite US complaints that the &quot;launch aid&quot; violates world trade rules.
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The EU claims US subsidies for American aircraft maker Boeing have cost Europe's Airbus $27bn.
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The United States and Europe will discuss a spat over state subsidies to Airbus and Boeing at the World Trade Organization next week, a US official said.
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Airbus reacted forcefully Wednesday to a US complaint filed with the World Trade Organisation about European state aid for the European aircraft manufacturer, saying Washington&#39;s move underscored rival Boeing&#39;s dependence on &quot;WTO-incompatible subsidies&quot;.
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Airbus has criticised a US move to take a fight about subsidies to the World Trade Organisation, saying it shows its rival&#39;s unwillingness to address its own subsidies.
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The dogfight between Europe and the United States over subsidies to airplane builders Airbus and Boeing is already potentially the largest trade dispute in history and looks set to get nastier.
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The European Union on Friday accused the United States of illegally terminating a 1992 bilateral agreement covering aid to large civilian aircraft makers when it filed its challenge to Airbus subsidies at the World Trade Organization this week.
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The United States and the European Union said yesterday that they would try to settle a dispute over aid they give their major airplane-makers, stepping back from a transatlantic clash over government support for rivals Boeing Co. and Airbus SAS.
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The top trade officials from the United States and the European Union will discuss a row over state subsidies accorded US aircraft manufacturer Boeing and European rival Airbus at a meeting here October 18, a European Commission spokeswoman said Wednesday.
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The United States will not wait long before resorting to legal action in the trade dispute over government support for Airbus and Boeing, US Trade Representative Robert Zoellick said on Tuesday.
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The European Union (EU) on Wednesday said that it has decided to take the first legal steps against the US over its subsidies to Boeing.