Monday, March 12, 2012
The Appellate Body (AB) of the World Trade Organization (WTO) issued a 500+ page decision today in the long-running dispute between the United States (US) and the European Union (EU) over subsidies allegedly provided by the US to aircraft manufacturer, Boeing. The AB disagreed with the panel's reasoning in a number of areas. However, the AB ultimately concluded that the US did, in fact, provide subsidies with the meaning of the Subsidies and Countervailing Measures (SCM) Agreement and those subsidies had adverse effects. Accordingly, it recommended that the US take measures remove the adverse effects or withdraw the subsidies.
The details of the decision in United States - Measures Affecting Trade in Large Civil Aircraft (DS353), may be found here.