InfoAnda - WTO rules out some EU state aid for Airbus

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

6 Afghan police killed in mistaken US strike | 11 December 2008
"The Hurt Locker" wins Oscar for best picture | 8 March 2010
John Woo's 'The Killer' to get 3-D remake | 7 February 2011

U.S. commander sees fewer foreign fighters in Iraq | International | | 15 June 2009

Forum Views () Forum Replies ()

Read more with google mobile : WTO rules out some EU state aid for Airbus

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Photos Sitemap WTO rules out some EU state aid for Airbus AFP - Thursday, July 1 Send IM Story Print GENEVA (AFP) - – The WTO on Wednesday dealt the European Union a painful blow in a transatlantic trade dispute over multibillion dollar subsidies for US and European aircraft, ruling some state support for Airbus illegal. Rival US airplane manufacturer Boeing claimed a "sweeping legal victory" and said it would require Airbus to repay four billion dollars in illegal subsidies, a claim disputed by the European aerospace giant. Bringing to a head one of the most bitter trade disputes between the two trading powers, the World Trade Organization disputes panel upheld parts of a US complaint in the marathon legal battle. In a 1,200 page ruling made public for the first time, the global trade referee said EU states should halt some aid for the development and export of Airbus airliners. Key elements of US trade dispute with EU over Airbus It notably accepted three out of seven claims by Washington that key launch aid amounted to export subsidies, which are illegal under WTO rules. "Taking into account the nature of the prohibited subsidies we have found in this dispute, we recommend that the subsidizing member... withdraw (them) without delay," the complex ruling said. "This is a landmark decision and sweeping legal victory over the launch aid subsidies that fueled the rise of Airbus," said Boeing chief executive Jim McNerney. When it first launched the complaint in 2004, the United States charged that the European Union had provided unfair subsidies worth up to 200 billion dollars (139 billion euros) to Airbus. The European firm retorted on Wednesday that 70 percent of the US claims "were rejected and wild allegations have been proven wrong." "Neither jobs nor any profits were lost as a result of reimbursable loans to Airbus," the European aircraft giant said in a statement, Suggesting it might appeal the decision, it said: "Airbus, the EU and the member states are closely analysing the report in advance of a possible review by the WTO Appellate Body." The battle between the trading powers at the Geneva-based trade watchdog broke out six years ago after a 1992 'no feud' agreement over the world's two biggest aircraft makers unravelled. Wednesday's step marks only a first salvo from the WTO. Its preliminary ruling on the counter claim by Brussels against Washington over allegedly illicit state financing for Boeing is due to be released to both sides on July 16th, trade sources said. EU Trade Commissioner Karel De Gucht said in a statement that both rulings should be examined together. "Only then will we have a full and more balanced picture of this dispute. The EU remains committed to a negotiated outcome to the dispute with no pre-conditions on either side." Analysts anticipate a similar complex and mixed outcome for the European challenges against the impact of US federal and state aid for Boeing, potentially leaving both companies with a big bill once the dust settles after likely appeals. Wednesday's WTO ruling on Airbus went against German, Spanish and British state finance for the A380 superjumbo airliner only. However, contested French support for the A380, as well as French and Spanish support for other types of Airbus airliners, were cleared. The global trade arbitrators also rejected a crucial part of the US case, against launch aid for the future Airbus A350 airliner, which is due to compete head on with the Boeing 787, as well as allegations of an "unwritten" European launch aid programme. In the complaint Washington filed in May 2005 after talks with Brussels failed to settle the issue, the United States claimed state support in Europe cut prices significantly and harmed US industry. While the panel agreed that US exports to big emerging markets in Asia and Latin America suffered, it did not agree with Washington's claim of material injury to its civil aircraft industry. The arbitrators noted that Boeing's performance had in fact improved after 2004. The rivalry emerged with Airbus's growth since it was set up as a joint venture in 1970 by aircraft makers in Europe with strong government funding. By the 1990s the company was challenging Boeing's dominance, growing to number one in the market for airliners about a decade later. Recommend Send IM Story Print News Search Top Stories WTO rules out some EU state aid for Airbus Solar plane aims for pioneering day and night in the skies WTO rules some Airbus subsidies are illegal US claims 'landmark victory' in WTO Airbus ruling War crimes prosecutors cleared to call Naomi Campbell More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Russia furious over Cold War-style US spy arrests Veteran CNN interviewer Larry King to quit FIFA chief apologises for World Cup errors Solar plane aims for pioneering day and night in the skies Global markets plunge on renewed growth fears More Most Viewed » Amputee cat gets bionic legs Aussie men shoot each other in buttocks 'to see if it hurts' Fans gather for Michael Jackson death anniversary More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Thursday, 1 July 2010
Iran warns EU of "dire consequences" over sanctions
'Humiliated' Merkel's pick for president finally approved
Court rules no rights protection for UK troops at war
French antitrust watchdog slaps Google over ads
Sarkozy government under fire in tax evasion row
US-TECH Summary
WTO rules out some EU state aid for Airbus
US, Afghans repel attack against major base
Merkel candidate for president fails again
Robots vie for World Cup glory in Singapore
Netanyahu envoy, Turkish minister in secret talks: report |
World Cup celebrities praise S.Africa on Twitter
Solar plane aims for pioneering day and night in the skies
Iran warns EU of dire consequences over sanctions |
Two sentenced to death for Iran protester killings |
WTO rules some Airbus subsidies are illegal
Brother of slain Mexican candidate to run instead |
North Korea urges U.N. council to back new Cheonan probe |
US claims 'landmark victory' in WTO Airbus ruling
Cold War support for Russian "spies" on networking site
S.Korea president to promote trade talks in Mexico visit
Obama movie debuts in Indonesia
War crimes prosecutors cleared to call Naomi Campbell
Spy scandal won't damage U.S. ties, Russia says
Prisoner freed after Thai king pardons royal insult
Beijing pet spas turn pooches into pandas
Nepal PM resigns live on TV
US-TECH Summary
U.S. Attorney General in Kabul for graft talks
Farrakhan Accuses Jews Of Hurting Blacks
Hurricane Alex's Approach Spawns Flooding, Evacuations
Sweet! Tooth Gel Could Eliminate Cavities, Fillings
U2, Madonna Among Billboard’s Top Money Makers
Sony: 535,000 Vaio PCs may have overheating glitch |
“Glee” Heads To Oxygen, “Modern Family” To USA In New Syndication Deals
David Archuleta To Sing "Something 'Bout Love" This Fall
Closing Arguments Set For California Train Murder Trial
Missing Ohio Teen Found Hiding In Boyfriend’s Apartment
Lawsuit Seeks To Block Continental, United Merger
General Mills Q4 Profit Slips On Costs, Healthcare Tax
Sony warns its VAIO laptops may overheat, cause burns
India auction of oil, gas blocks fetches $1.1 billion
China Mobile exec detained over financial misconduct: report
Japan's big four car makers issue over 100,000 recalls
Bangladesh garment protests spread to Dhaka streets
Japan's SMBC to take stake in Indian lender
Kylie Minogue, sexy as ever on Aphrodite |
Eclipse takes $30 million bite from midnight box office |
US-ENTERTAINMENT Summary
Wonder Woman gets 21st century makeover |
"Eclipse" takes $30 million bite from midnight box office
Wonder Woman gets 21st century makeover
Rapper Lil Wayne gets probation on drug charge |
Rapper Lil Wayne gets probation on drug charge
Siena's horserace: a year-long wait for a quick thrill
Spain's Catalonia passes controversial film dubbing law
Dutch bars defy two-year-old smoking ban
Croatian president lends voice to Pixar cartoon
Italy appeals rights court's school crucifix ban
S.Korean workers in Afghanistan in rocket attack
L'Oreal billionaire fraud trial to begin
Russia and U.S. downplay spy case |
NATO's deadliest month in Afghan war
French prosecutors demand 10 years' jail for Noriega
Amazon launches cheaper Kindle
Elian Gonzalez says he's happy at home in Cuba |
Study pushes back dawn of multicellular life on Earth
Sudan releases Islamist opposition head Turabi
Vietnam steps up China-style Internet control
US House passes historic Wall Street overhaul
Revolt mars German presidential victory for Merkel |
Obama set to sign Iran sanctions bill: W.House
Merkel's pick for president wins third round vote
WTO rules some EU Airbus subsidies illegal
Holbrooke Says McChrystal Apologized In The Middle Of Night
Google's China operating license under review: Xinhua
Israeli aircraft strike Gaza, no injuries
Netanyahu envoy and Turkish minister in secret talks: report |
India further delays mobile number portability
Rockets hit South Korean Afghan rebuilding base
Iran warns EU of dire consequences over sanctions |
Eminem Debuts At #1 With "Recovery" On Billboard Albums Chart
IBM buys stake in China's Bright Oceans
Child Rapist-Murderer Gets Last Minute Stay Of Execution
Lebanon telco firm says employee held in spy case
"Twilight: Eclipse" Smashes Midnight Box Office Records
clears way for massive stock buy back
Two sentenced to death for Iran protester killings
Senator Durbin Declares Battle To Stop Fed-Aid Abuse By For-profit Colleges
Google News revamped to get more personal
Netanyahu envoy, Turkish minister in secret talks -report
U.S. Markets Close Lower, Stocks Post Loss For Q2
Amazon buys deal-a-day website Woot
U.S. Recall Of Vaio Laptops Prompts Online Fix From Sony
Facebook makes outside applications ask for user data
Apollo Group Q3 Profit Dips On Special Charges
Sudan releases Islamist opposition head Turabi: family |
Australia's 'Dr Death' surgeon gets 7 years
Hurricane Alex churns across northeast Mexico
Ambush in Sahara kills 11 Algerian police
Suspect in Russian spy ring vanishes in Cyprus
U.S. court pick Kagan sails through Senate hearing
Russia and U.S. downplay spy case; suspect on run
Petraeus wins US Senate nod on Afghan war
Russian spy suspect jumps bail in Cyprus
Portland police re-opening Gore investigation
North Korean agents jailed for assassination plot
China orders online sellers to register details
Chinese gay man sues blood centre
Seoul shares decline; LG Display, Hyundai Motor dip
Microsoft pulls plug on Kin phones |
China's manufacturing activity slows in June
Amazon launches cheaper Kindle |
Taiwan stocks fall as China data weighs; techs slip
S.Korea ends Microsoft's online shopping monopoly
S.Korea's Doosan wins lucrative reactor order
Google's China operating license under review: Xinhua |
Nepal's Maoists stake claim to lead government
Kung fu hustle? Students try martial arts to ace exam
Google's search engine remains blocked in China
Australian fisherman nets three-metre croc
British conductor leads Independence Day concert
Tens of thousands to march for democracy in Hong Kong
IBM buys stake in China's Bright Oceans |
Meryl Streep to play Margaret Thatcher
S.Korean professor charged over holy water device
Toyota warns of engine defect in Lexus, Crown models
"Scream 4" brings on more fresh blood
Two N.Korean agents jailed for assassination plot
S.Korea SK Group says to invest $14.3 bln by 2020
Beijing, Mexico City traffic world's worst: study
Al Pacino mesmerizes in "Merchant of Venice"
Vietnam growth hits 6.4 percent in second quarter
UK contemporary art auctions solid, not stellar
Writer Christopher Hitchens to undergo chemotherapy
U.S. authorities seize websites over pirated movies
Ulster Museum wins 100,000 pounds Art Fund Prize
Eclipse takes $30 million bite from midnight box office |
Meryl Streep to play Margaret Thatcher |
Scream 4 brings on more fresh blood |
CNN mainstay Larry King quitting after 25 years |
Al Pacino mesmerizes in Merchant of Venice |
U.S. authorities seize websites over pirated movies |
Wonder Woman gets 21st century makeover |
Writer Christopher Hitchens to undergo chemotherapy |
British conductor leads Independence Day concert |
Syria detains 400 Kurdish rebels in raids
Russia spy scandal '11th man' vanishes in Cyprus
Glitch delays solar plane's historic night flight
Clinton to calm US allies on eastern Europe, Caucasus trip
Netanyahu says Israel ready to deal for Shalit release |
US jobless claims surge more than expected
Ukrainian Brothers Charged In Human Trafficking Scheme
Naomi Campbell to testify at war crimes court
Oil Cleanup Efforts Halted By Hurricane Alex
Liverpool appoint Hodgson as manager
Rockets hit SKorean Afghan reconstruction base
Chicago Road Workers Go On Strike
U.N. nuclear agency's top inspector resigns |
Beach Umbrella Stabs Woman
Somali clashes kill 21 and wounds 42 |
Police Reopen Gore Sex Probe
NATO says district Afghan Taliban chief arrested
Probe Launched Into Death Of Teen At LA Music Festival
Hurricane Alex Kills One In Mexico; Weakens To Category 1
Toy Bracelets, Rings Recalled Out Of Cadmium Fears
Turkey and Israel hold talks on mending fences |
Petraeus wants to cut Afghan air power redtape |
Genetic Link May Have Been Found For Type of Hair Loss
At-Home Births May Be Risky To Babies
New British government wants more influence in EU |
Heiress case hits French court |
New Italy immunity plan draws opposition outrage |
India's Fortis bids for Singapore healthcare provider
Arroyo seeks changes to Philippine constitution
China says would welcome visit by US defence secretary
Google search feature blocked in China
Indonesian police to sue magazine over pig cover
House arrest for Maldivian opposition MPs
Asian stocks slide on weak China data, global fears
Pakistan's forex reserves edge up to $15.83 bln
S.Korea rejects North's offer for direct talks
Pakistani stocks dull as new tax weighs on sentiment
S.Korea currency curbs to take effect this month
Japan's business confidence highest in two years
Pakistan gets $710 mln inflows; IMF target likely met
NZ govt faces voter ire as CO2 scheme steps up
S.Korea June inflation eases, rate view questioned
China Unicom in talks to launch iPhone 4
Age bar on Korean comedians no laughing matter
Cheek-to-cheek in Bucharest tango revival
Child Rapist-Murderer Gets Last Minute Stay Of Execution
Missing Ohio Teen Found Hiding In Boyfriend’s Apartment
Hurricane Alex Strengthens As It Heads To Texas, Mexico
London lauds Domingo in Simon Boccanegra |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01