U.S. and Boeing hail WTO ruling against Airbus

Airbus A350 XWB

In today’s report, a compliance panel of the World Trade Organization found that Airbus’ A350 XWB superjumbo jet benefited from European subsidies. (Credit: Airbus)

The World Trade Organization turned up the heat on Europe’s aerospace industry today by ruling that Airbus was continuing to benefit from what’s now estimated at $22 billion in subsidies from the European Union and its member countries.

U.S. Trade Representative Michael Froman hailed the decision as a “sweeping victory” in a dispute that has been simmering for more than a decade, with the Boeing Co. cast as the principal victim of Airbus’ subsidies.

“This long-awaited decision is a victory for fair trade worldwide, and for U.S. aerospace workers in particular,” Dennis Muilenburg, Boeing’s chairman, president and CEO, said in a statement.

Both of Washington state’s U.S. senators and several House members praised the development as well.

The WTO’s latest action marks one more step toward imposing retaliatory trade sanctions that could amount to as much as $10 billion a year.

Get the full story on GeekWire.

About Alan Boyle

Award-winning science writer, creator of Cosmic Log, author of "The Case for Pluto: How a Little Planet Made a Big Difference," president of the Council for the Advancement of Science Writing. Check out "About Alan Boyle" for more fun facts.
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