WTO finds Airbus still receives some EU subsidies - sources

Reuters| Geneva | Switzerland

Updated: 02-12-2019 15:40 IST | Created: 02-12-2019 15:22 IST

The World Trade Organization has found that the European Union has failed to withdraw all subsidies to planemaker Airbus, three people familiar with the matter said. A new compliance report expected to be published as soon as Monday has found that the Airbus A350 jetliner continues to be subsidized as a result of earlier government loans, they said.

However, the WTO could scale back the amount of harm deemed to have been caused to U.S. rival Boeing, which led to a WTO decision to approve up to $7.5 billion of U.S. tariffs against the EU earlier this year, two of the people said. Neither the WTO nor the parties in the 15-year-old trade case, which involves mutual claims of billions of dollars of subsidies to both planemakers, had any immediate comment.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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