TV News LIES

Wednesday, Jun 17th

Last update07:47:51 AM GMT

You are here News Economy WTO: US subsidies to Boeing illegal

WTO: US subsidies to Boeing illegal

E-mail Print PDF
US subsidies to Boeing illegal

US aircraft manufacturer Boeing received at least $5.3bn (£3.3bn) in unfair aid from Washington, the World Trade Organization (WTO) has concluded.

The subsidies included money for research and development from the Nasa space agency, a panel of international trade judges has ruled. Last year the WTO said that Boeing's arch rival Airbus had received illegal aid from European governments.

The two companies have been at war over state aid for almost six years.

The case is one of the most complex ever brought before Geneva-based WTO, which has issued 2,000 pages of rulings. Both companies claimed that the WTO's latest ruling bolstered their case.

"It's time for Boeing to stop denying or minimising the massive illegal subsidies it gets," said Rainer Ohler, head of public affairs at Airbus.

But Boeing said that the WTO's ruling on the size of its aid, $5.3bn, was dwarfed by the $20bn that Airbus had received.

"This WTO ruling shatters the convenient myth that European governments must illegally subsidise Airbus to counter US government assistance to Boeing," said Michael Luttig, general counsel at Boeing.

More...


Most Recent Related Stories...


Door shuts on some immigrant entrepreneurs as U.S. restricts small-business loans

Small business loans restrictedBefore Sayuri Tsuchitani became an entrepreneur, she spent two decades on her feet: cutting, coloring and...

U.S. Trade Court Rules Trump Tariffs Illegal, But Issues Narrow Block

US Court of Int'l TradeThe U.S. Court of International Trade’s 2-1 decision leaves the temporary tariffs in place for all...

Inflation tops 4% for the first time in 3 years on spike in gasoline prices

Inflation at 4%Soaring gasoline prices, triggered by the U.S. war with Iran, have pushed inflation to its highest...

US gas prices hit $4.23 high as Hormuz fears drive oil surge

Gas hits $4.25 a gallonAverage US gas prices have hit a new high at $4.23 a gallon, their highest since...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!