CALIFORNIA STATE BAR RECOMMENDS EX-TRUMP ATTORNEY JOHN EASTMAN BE DISBARRED FOR 2020 ELECTION EFFORTS

CALIFORNIA STATE BAR RECOMMENDS EX-TRUMP ATTORNEY ...

Photo Credit: ABC. Eastman was charged with multiple disciplinary counts by the state bar.The California State Bar has recommended that former Trum...

JUDGE TO RULE BY APRIL 17 ON DEFENSE MOTIONS IN HUNTER BIDEN TAX CASE

JUDGE TO RULE BY APRIL 17 ON DEFENSE MOTIONS IN HU...

Photo Credit: Getty Images The federal judge overseeing Hunter Biden's tax case in California heard several defense motions to dismiss th...

CAN WE TALK ABOUT TATE? THE ‘MANOSPHERE’ IN AUSTRALIAN SCHOOLS

CAN WE TALK ABOUT TATE? THE ‘MANOSPHERE’ IN AUSTRA...

Photo credit: Dan Peled Young fans of self-styled “manfluencers” like Andrew Tate, currently facing charges including rape in a Romanian court, are...

LEONARDO DICAPRIO SPARKS ENGAGEMENT RUMORS AS GIRLFRIEND VITTORIA CERETTI WEARS RING

LEONARDO DICAPRIO SPARKS ENGAGEMENT RUMORS AS GIRL...

Photo Credit: MARCA. Leonardo DiCaprio was spotted on the streets with girlfriend Vittoria Ceretti, who was wearing a ring on that finger.For many ...

CARGO SHIP HAD ENGINE MAINTENANCE IN PORT BEFORE IT COLLIDED WITH BALTIMORE BRIDGE, OFFICIALS SAY

CARGO SHIP HAD ENGINE MAINTENANCE IN PORT BEFORE I...

Photo Credit:Steve Helber. The cargo ship that lost power and crashed into a bridge in Baltimore underwent “routine engine maintenance” in port bef...

BEYONCÉ SHARES ‘COWBOY CARTER’ TRACK LIST AHEAD OF ALBUM, MENTIONS DOLLY PARTON AND WILLIE NELSON

BEYONCÉ SHARES ‘COWBOY CARTER’ TRACK LIST AHEAD OF...

Photo credit: Andrew Harnik Buckle up, cowpoke: On Wednesday, Beyoncé shared the track list for her forthcoming album, “Act ll: Cowb...

FORMER SEN. JOE LIEBERMAN, DEMOCRATS’ VP PICK IN 2000, DEAD AT 82

FORMER SEN. JOE LIEBERMAN, DEMOCRATS’ VP PICK IN 2...

    Photo credit: Jose Luis Magana Former U.S. Sen. Joe Lieberman of Connecticut, who nearly won the vice presidency on the D...

SEAN ‘DIDDY’ COMBS’ LAWYER SAYS RAIDS OF THE RAPPER’S HOMES WERE ‘EXCESSIVE’ USE OF MILITARY FORCE

SEAN ‘DIDDY’ COMBS’ LAWYER SAYS RAIDS OF THE RAPPE...

Photo Credit: Willy Sanjuan Sean “Diddy” Combs’ lawyer said Tuesday that the searches of the rapper’s Los Angeles and Miami properties by federal a...

BALTIMORE KEY BRIDGE COLLAPSE LIVE UPDATES: SEARCH AND RESCUE EFFORTS SUSPENDED

BALTIMORE KEY BRIDGE COLLAPSE LIVE UPDATES: SEARCH...

Photo credit: Jim Watson   A cargo ship crashed into Baltimore's Francis Scott Key Bridge early Tuesday morning, causing a near-tot...

ENTERTAINMENT

28-03-2024

CAN WE TALK ABOUT TATE? THE ‘MANOSPHERE’…

Photo credit: Dan Peled Young fans of self-styled “manfluencers” like Andrew Tate, currently facing charges including rape in a Romanian court, are incre...

Read more

BUSINESS

27-03-2024 By DAVE COLLINS

VISA, MASTERCARD SETTLE LONG-RUNNING ANT…

Photo Credit: Abc News Visa and Mastercard announced a major settlement with U.S. merchants on Tuesday, potentially ending nearly two decades of li...

Read more

LIFESTYLE

13-03-2024 By ABC NEWS

NEW MEXICO MAN DIES OF PLAGUE: HEALTH OF…

Photo credit: Getty Images A New Mexico man has died from plague in the state's first human fatality since 2020, according to health officials...

Read more

WORLD NEWS

27-03-2024 By MAT NASHED

SOUTH SUDAN ON THE BRINK AFTER OIL EXPOR…

Photo Credit: Michael Tewelde. Experts say that a halt in oil production could escalate already acute levels of violence and insecurity in South Sudan.Vi...

Read more

TECH

26-03-2024 By MICHAEL PORTER

FLORIDA’S DESANTIS SIGNS ONE OF THE COUN…

  Photo credit: Joe Burbank/Orlando Sentinel Florida will have one of the country’s most restrictive social media bans for minors — if it...

Read more

The WTO Appellate Body has published the first of two rulings expected this year on subsidies in the large commercial aircraft dispute between the US and the EU.

The first ruling is the Appellate Body’s final report on the EU’s compliance with previous World Trade Organisation’s (WTO) findings in the case against Airbus. The second ruling – dealing with Boeing’s case – is expected later this year.

According to Airbus, in its report, the Appellate Body confirms the legality of the loan partnership approach between Airbus and European governments.

"The WTO Panel agrees further with earlier findings that the European repayable launch investment (RLI) loans for civil aerospace development projects do not constitute a prohibited subsidy and only few modifications are needed to achieve full compliance," Airbus said in a statement.

The WTO confirmed that all aspects of the A320 and A330 programmes are now in full compliance, and that only minor action remains on the A380.

Airbus CEO Tom Enders said significant legal success for the European aviation industry confirms the company's strategy which it has followed over all those years of the dispute.

"Of course, today’s report is really only half the story – the other half coming out later this year will rule strongly on Boeing’s subsidies and we’ll see then where the balance lies,” he said.

Enders said the current geopolitical climate for trade is worrying, and industry players should not fuel it with unproductive disputes that undermine fair competition world-wide and impact the workers in this industry as well as our customers and operators.

"The consequences of such disputes extend beyond the aerospace industry and affect economic growth on a global scale,” he said.

Boeing, however, said in a statement that the WTO in its final decision, found that the EU has failed to honour multiple previous rulings and has provided more than $22bn of illegal subsidies to European aircraft maker Airbus. "After examining this case for more than a decade, the WTO has determined the EU must end its unfair business practices and remedy the ongoing harm caused by the illegal subsidies," Boeing said in a statement.
 
"This landmark ruling by the WTO Appellate Body is the final decision in this case, which was initiated in 2006. Today's decision ends the dispute and clears the way for the United States Trade Representative (USTR) to seek remedies in the form of tariffs against European imports to the United States."The authorised tariffs are likely to total billions in duties per year, unless and until Airbus addresses the illegal subsidies it received from European governments for its most recently launched airplanes, Boeing said.Tariffs could be scheduled as early as 2019. This is expected to be the largest-ever WTO authorisation of retaliatory tariffs."Today's final ruling sends a clear message: disregard for the rules and illegal subsidies is not tolerated. The commercial success of products and services should be driven by their merits and not by market-distorting actions," said Dennis Muilenburg, Boeing chair, president and CEO.

"Now that the WTO has issued its final ruling, it is incumbent upon all parties to fully comply as such actions will ultimately produce the best outcomes for our customers and the mutual health of our industry. We appreciate the tireless efforts of the U.S. Trade Representative over the 14 years of this investigation to strengthen the global aerospace industry by ending illegal subsidies."

You have no rights to post comments

HEADLINES

SPORTS HEADLINES

REGISTER TO RECEIVE DAILY BREAKING NEWS

Please enable the javascript to submit this form

RECENT NEWS

AROUND THE CITIES