(From The Washington Examiner)
Boeing Co. claimed a victory Tuesday in a long-running dispute with its biggest rival, Airbus, over claims that the planemakers’ respective governments have provided subsidies banned under international trade agreements.
An appeals panel of the World Trade Organization, which mediates such arguments, ruled that members of the European Union have provided more than $22 billion in support for the planemaker, enabling it to produce the super-jumbo A380 model far more quickly than would have been possible otherwise, a decision that Boeing said paves the way for the U.S. to request punitive tariffs on European imports.
“Today’s final ruling sends a clear message: Disregard for the rules and illegal subsidies is not tolerated,” said Boeing Chief Executive Officer Dennis Muilenburg. “The commercial success of products and services should be driven by their merits and not by market-distorting actions.”