U.S.: WTO says Boeing got less subsidies than Airbus
ASSSOCIATED PRESS March 12, 2012 12:02PM
Updated: March 12, 2013 3:46PM
The U.S. trade representative says the World Trade Organization has ruled that Chicago-based Boeing received far fewer illegal government subsidies than its European arch-rival Airbus over more than a quarter-century.
U.S. Trade Representative Ron Kirk calls it “a tremendous victory for American manufacturers and workers” that a WTO appeals panel determined there were $5 billion in U.S. subsidies for Boeing. Kirk says that’s “far below” the $18 billion in European Union subsidies for Airbus.
Kirk says the WTO appellate panel found that illegal U.S. subsidies for Boeing cost Airbus 118 aircraft sales. By comparison, the EU subsidies for Airbus cost Boeing 342 aircraft sales.
The release of the WTO ruling was imminent. But both the U.S. and the EU have already claimed victory in the long-running trade spat.