Statement on WTO ruling in aircraft subsidy dispute
The World Trade Organisation (WTO) today issued the first of two rulings expected this year on subsidies in the large commercial aircraft dispute between the US and the EU.
Today's ruling is the WTO's final report on EU compliance with previous findings in the case brought by the US against Airbus. A second ruling dealing with the case brought by the EU against Boeing is expected later this year.
ADS Chief Executive Paul Everitt said:
“International trade disputes are unhelpful and create threats for jobs, prosperity and productivity. Aerospace is a global industry where low tariffs have helped manufacturers to deliver safe, efficient and increasingly clean aircraft. Tariffs destroy trade, restrict healthy competition and reduce the choices available to consumers.
“We urge EU and US authorities to work together to resolve their differences and sustain open and competitive markets.”