What's new

Welcome

If you already have an account, please login, but if you don't have one yet, you are more than welcome to freely join the community of lawyers around the world..

Register Log in
  • We don't have any responsibilities about the news being sent in this site. Legal News are automatically being collected from sources and submitted in this forum by feed readers. Source of each news is set in the news and a link to its source is always added.
    (Any News older than 21 days from its post time will be deleted automatically!)

Jurist EU can impose tariffs on $4B of US imports in Boeing case: WTO

Status
Not open for further replies.
  • Thread starter
  • Staff
  • #1

Dadparvar

Staff member
Nov 11, 2016
6,881
0
6
A World Trade Organization (WTO) arbitrator has awarded the EU the right to impose tariffs on USD $4 billion of American goods annually, in retaliation against illegal subsidies given to the US plane manufacturer Boeing.

The Tuesday decision marks the consummation of a 16-year-long legal battle before the WTO. It follows a parallel case that the US brought against the EU regarding subsidies to Airbus, its largest civil aircraft manufacturer. In 2019 US President Donald Trump imposed taxes on various European goods including planes, wine and cheese, after the WTO gave the US the option to counter on up to $7.5 billion of annual European exports. The two cases combined constitute the largest ever corporate trade dispute, costing an estimated $100 million since 2004.

Proceedings officially began in 2005, when the EU requested a conference with the US regarding tariff measures affecting the trade of large civil aircrafts. In 2012 a WTO appellate body found that “certain measures of the US, including measures adopted at the sub-federal level, constituted subsidies to the US large civil aircraft industry,” and were therefore inconsistent with the original agreement.

Accoring to the WTO, dispute settlement is the “central pillar of the multilateral trading system.” The arbitrator found that both Boeing and Airbus previously received illegal subsidies in various forms and implored both the US and the EU to stop them. Tuesday’s ruling, however, found that the EU failed to comply with the order and had continued issuing preferential government loans to Airbus.

Moving forward, the same WTO appellate body will soon decide whether the US complied with its 2012 order to halt subsidies in the form of non-federal tax breaks from the state of Washington for certain kinds of jets.

The post EU can impose tariffs on $4B of US imports in Boeing case: WTO appeared first on JURIST - News - Legal News & Commentary.

Continue reading...

Note: We don't have any responsibilities about this news. Its been posted here by Feed Reader and we had no controls and checking on it. And because News posted here will be deleted automatically after 21 days, threads are closed so that no one spend time to post and discuss here. You can always check the source and discuss in their site.
 
Status
Not open for further replies.
Top