Foreign Minister leads Saudi delegation to UN General Assembly session    Volunteers dying as Russia's war dead tops 70,000    Kentucky sheriff arrested over fatal shooting of judge in courthouse    India rejects report on transfer of ammunitions to Ukraine as 'speculative'    Saudi Arabia raises problem of space debris at UN Human Rights Council, calls for urgent action    Anthony Joshua and Daniel Dubois ready for epic showdown at Riyadh Season Card Wembley Edition    Clasico rivalry heats up as Al Ittihad and Al Hilal clash for supremacy    Film Commission to hold second edition of Saudi Film Forum next month    The Vikings and the Islamic world    Fashion industry's contribution to Saudi GDP reaches 2.5% as market set to hit $42bn by 2028    Saudi Arabia ranks 14th in Global Al Index, first in the Arab world    HADAF increases grace period to submit employment support requests to 330 days    Hierro addresses Telles' exit and Al-Nassr's future under new coach Pioli    Hattan Al Saif sets new Guinness World Record for fastest knockout in PFL MENA    King Salman Non-profit Foundation launched    Saqr Al-Jazeera Museum to host three-day celebration for Saudi Arabia's 94th National Day    Japan firm says it stopped making walkie-talkies used in Lebanon blasts    Saudi Central Bank cuts interest rate by 50 basis points    Riyadh Light Festival 2024 to kick off on November 28    Superbug crisis could get worse, killing nearly 40 million people by 2050: Study    Jane's Addiction cancel tour after on-stage brawl    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Muted Eid celebrations for millions of Nigerian Muslims    Embracing change: A journey towards inner peace    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



WTO rules $24b Boeing subsidies are ‘illegal'
Published in The Saudi Gazette on 16 - 09 - 2010

The WTO issued a preliminary report on the aid after the EU alleged that Boeing had received $24 billion (£15.3 billion) in illegal support, including grants from Nasa, export tax discounts and subsidies from the Pentagon.
It is believed that, although the WTO ruled the aid was “actionable” rather than “prohibited”, it backed Airbus's complaint that the majority of the aid benefited Boeing rather than Nasa or the US taxpayer.
Although the report was private, France's transport and environment ministers said in a joint statement last night: “This ruling brings enormous satisfaction to the French and European aviation industry and saves jobs and the future of this industry.”
In June, the WTO declared that European states paid illegal subsidies to Airbus, six years after Boeing initiated the world's biggest trade dispute by lodging a complaint.
A trade spokesman for the EU said that “only negotiations at the highest political level can lead to a real solution.”
Rainer Ohler, head of public affairs and communications at Airbus, added: “Now that two reports are on the table, time has come to stop assigning blame but rather assume responsibility. Only when we stop litigation and start negotiating will we be able to create a basis for the future level playing field in global aircraft manufacturing which is not just a transatlantic issue.”
Ohler added that the WTO “plays a role in assessing compliance of past actions” but “is not the right vehicle to determine policy for future government support for our industry”.
France's transport and environment ministers said the confidential WTO ruling delivered to US and EU officials in Geneva “condemns massive subsidies to Boeing that violate WTO rules.”


Clic here to read the story from its source.