i on europe

Icon

Brussels blog by some wire service journalists

EU wants $12B a year from US over Boeing aid

By DON MELVIN

BRUSSELS — The European Union said Thursday it is asking the World Trade Organization to impose up to $12 billion per year in sanctions on the U.S. as part of a long-running dispute involving government subsidies to plane-makers Airbus and Boeing.

The EU said in a statement the amount was “based on estimates of the damages suffered by the EU due to unfair and biased competition from the U.S. industry,” which received U.S. government subsidies.

The action marks the latest salvo in a seven-year dispute between the EU and the U.S. over subsidies to the two plane-makers.

READ THE FULL STORY HERE.

Advertisements

Filed under: Story links

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Don Melvin

Slobodan Lekic

Raf Casert

%d bloggers like this: