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The World Trade Organization (WTO) has officially approved the US decision to impose large-scale trade sanctions on goods from the European Union. The sanctions are associated with European aircraft manufacturing concern Airbus receiving illegal subsidies. The relevant resolution was adopted by the WTO dispute settlement body on Monday, October 14, in Geneva.
This ruling was a simple formality, as the WTO arbitration has already made a similar decision on October 2. In order to block it, it was necessary that it be rejected by all countries that participated in a meeting of the WTO dispute settlement body on October 14, including the United States itself.
The United States imposes sanctions on European goods for a record amount of $ 7.5 billion. The WTO Arbitration has determined that the EU and its members Great Britain, France, Germany and Spain have not canceled the illegal subsidies for Airbus, which hindered the sale of products to its American competitor Boeing.
US Presidential Administration plans to introduce these sanctions on October 18.
source: dw.de
This ruling was a simple formality, as the WTO arbitration has already made a similar decision on October 2. In order to block it, it was necessary that it be rejected by all countries that participated in a meeting of the WTO dispute settlement body on October 14, including the United States itself.
The United States imposes sanctions on European goods for a record amount of $ 7.5 billion. The WTO Arbitration has determined that the EU and its members Great Britain, France, Germany and Spain have not canceled the illegal subsidies for Airbus, which hindered the sale of products to its American competitor Boeing.
US Presidential Administration plans to introduce these sanctions on October 18.
source: dw.de
