Thursday, February 26, 2015
In this latest development in the long-running saga between the United States (US) and European Union (EU) over subsidies provided to large commercial aircraft companies, the World Trade Organization (WTO) has established a dispute resolution panel to hear the EU's latest complaint regarding allegedly improper tax incentives provided by the U.S. State of Washington to a large commercial aircraft carrier (i.e., Boeing). The EU invoked the "fast track" procedures available under the Subsidies and Countervailing Measures (SCM) Agreement, alleging that the conditional tax incentives constitute a prohibited subsidy under that Agreement. The matter is referred to as US-Conditional Tax Incentives for Large Civil Aircraft (DS487).
In other WTO news, the WTO Dispute Resolution Body elected a new Chair - Ambassador Harald Neple of Norway.
For more information regarding other recent WTO activities relating to dispute resolution matters, visit the WTO website.