武汉茶友论坛：The WTO officially authorizes the EU to retaliate against the US
The WTO officially authorizes the EU to implement trade retaliation against the US
Geneva, October 26 (Reporter Ling Xin) The World Trade Organization held a regular meeting of the dispute settlement body on the 26th,The EU officially authorizes no more than 39.US$900 million in tariffs on goods and services from the United States,In retaliation for the U.S. government’s illegal subsidies to Boeing.
The EU representative stated at the meeting,If the EU and the US continue to retaliate against each other,It is not in the interests of any party.The EU reiterated thatDetermined to reach a long-term solution to the dispute over subsidies for large civil aircraft with the United States.
In this regard,The U.S. representative responded that,Will work with the European Union,Participate in a new process aimed at reaching an agreement,Correct actions that harm the interests of the U.S. aviation industry and workers,Provide a level playing field for American companies.
On the 13th of this month,The WTO issued an arbitration report on the level of trade retaliation in the EU v. US large civil aircraft subsidy case.The arbitration result showed thatAs the U.S. government failed to implement the WTO ruling within the time limit,Continue to implement illegal subsidies to Boeing,The EU has the right to treat no more than 39.Trade retaliatory measures such as additional tariffs on goods and services imported from the United States for US$900 million have been implemented.
Last October,The WTO once subsidized Airbus due to EU violations,The United States is authorized to impose additional tariffs and other retaliatory measures against about 7.5 billion U.S. dollars of EU goods and services exported to the United States each year.
The US-Europe aviation subsidy dispute has a long history.year 2004,The United States filed a lawsuit with the WTO,The European Union is accused of providing illegal subsidies to Airbus in various forms.The European Union subsequently sued the WTO to provide illegal subsidies to Boeing by the US government.In this regard,The WTO ruled successively,Both the United States and the European Union have the problem of providing illegal subsidies to their respective aviation companies.