International Trade Today is a Warren News publication.

EU, US Clash at World Trade Organization

During the monthly Dispute Settlement Body meeting at the World Trade Organization, the European Union said it adopted “additional and extraordinary” compliance measures by withdrawing all the remaining subsidies for Airbus on Aug. 21, and they said that was “substantially in excess” of what's required by the WTO rules. They said they did this in order to convince the U.S. to withdraw its tariffs on European goods, and with the intention that they would not impose tariffs over Boeing subsidies, after a negotiated settlement. “It is not in the interests of anyone that the European Union and the United States now proceed to, or continue, mutually assured retaliation, and certainly not in the current economic climate,” they said.

Sign up for a free preview to unlock the rest of this article

If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.

The U.S. rejected EU claims that the EU had achieved compliance, describing the latest measures taken as “marginal,” and said they don't remove the subsidies, and that six of the eight subsidies haven't been addressed. “The United States recently showed great restraint in its review of WTO-authorized countermeasures for the EU’s WTO-inconsistent launch aid subsidies,” the U.S. said, and said it intends to “begin a new process” with the EU to try to reach a negotiated settlement.