EU: US still subsidizing Boeing despite WTO move

GENEVA (AP) ? The European Union has rejected the U.S. government's claim that it is complying with a World Trade Organization ruling against illegal U.S. subsidies to aerospace giant Boeing Co.

The Geneva-based WTO says in a statement Tuesday that the EU has requested consultations with the United States in an ongoing dispute over state subsidies to Chicago-based Boeing and its European rival Airbus. It says the EU alleges the U.S. is continuing some subsidies.

On Monday, the U.S. trade office insisted Washington had complied with a March WTO ruling by stopping select payouts to Boeing through NASA and the Pentagon and by removing some beneficial tax and funding policies.

A WTO panel has also ruled that European governments provided $18 billion in subsidies to Airbus, although not all were deemed illegal.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2012-09-25-WTO-EU-Boeing/id-1ba380a2b06c44f189d164bf1d33fc51

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