Washington and Brussels ordered to cut subsidies
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Developing countries were last night celebrating victory over the world&#39;s two largest economic blocs after the World Trade Organisation ruled against the European Union&#39;s sugar regime and the support given by the United States to its cotton farmers.
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WASHINGTON, Jan 12 (IPS) - The United States and the European Union have  agreed in theory to resolve a trade dispute over their national  aircraft manufacturers by halting industry subsidies.
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The European Commission is sticking with its plan to lift sanctions on &#36;4 billion worth of U.S. goods on Jan. 1 following Washington's repeal of illegal export tax subsidies in October, a spokeswoman said on Thursday.
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The European Union (EU) said yesterday it would remove trade sanctions imposed on the US in a dispute over US corporate tax subsidies, but warned it might levy new penalties next year over continued benefits it sees as illegal to Boeing, the aircraft maker
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The United States has agreed to cut its  maximum agricultural subsidies in a &quot;significant step&quot; towards  advancing negotiations on a new global trade pact, the mediator  of the farm talks said on Thursday.
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The EU called off its sanctions on $4 billion worth of US goods on Monday after Washington repealed illegal export tax subsidies, bringing some balm to transatlantic ties wounded by a battle over Airbus and Boeing.
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ANCHORENA PARK, Uruguay  - The United States is prepared to reduce agricultural subsidies but wants to ensure market access for goods, President George W. Bush said on Saturday during a tour of Latin America.
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The United States and the European Union took their fight over billions of dollars in subsidies for Airbus and Boeing to the World Trade Organization on Wednesday.
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The EU commission acted to ease trade tensions with the United States, saying it would lift sanctions after US President George W. Bush approved a repeal of illegal corporate tax breaks.
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The European Union on Thursday demanded Washington explain more clearly how it subsidizes Boeing Co. and said any US challenge targeting EU rival Airbus Industrie before the World Trade Organization would be countered.
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The European Commission is sticking with its plan to lift sanctions on &#36;4 billion worth of U.S. goods on Jan. 1 following Washington's repeal of export tax subsidies in October, a spokeswoman said on Thursday.
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BRUSSELS, Belgium  - The European Union and the United States agreed Tuesday to settle their Airbus-Boeing aircraft subsidy dispute through bilateral talks and not challenge each other at the World Trade Organization.
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BRUSSELS: The European Union sought talks with Washington yesterday over US export tax subsidies that will survive last month&#39;s repeal of a system the World Trade Organisation (WTO) had declared illegal.
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Description: The United States and the European Union take their fight over corporate subsidies to the World Trade Organization. An initial US complaint targeted EU subsidies to aircraft manufacturer Airbus.
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BRUSSELS  - Highlighting a more conciliatory mood since President Bush was re-elected, the United States and the European Union agreed Tuesday to try to settle amicably a decades-old trade dispute over billions of dollars in subsidies to aircraft makers Airbus and Boeing.
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The United States is to press the Europe to end subsidies to Airbus Industrie in talks Thursday, but the EU says any such cuts must be matched by pledges to slash government help for US plane maker Boeing.
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The dispute over subsidies to Airbus and Boeing are expected to be on the agenda as the new commissioner of the European Trade Union, Peter Mandelson, and his counterpart from the United States, Robert Zoeller, started discussions Monday.