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(Reuters) - The European Union launched a complaint at the World Trade Organization on Tuesday accusing the United States of failing to withdraw subsidies for Boeing (BA.N) by Sept 23, as required by an earlier WTO ruling.
The EU's complaint is part of a seven-year trade battle between Washington and Brussels over subsidies for Boeing and Airbus (EAD.PA). Both have won WTO rulings that the other paid billions of dollars of illegal subsidies to its aircraft industry. Both have claimed victory each step of the way.
The United States said on Monday that it had complied with the WTO's ruling on Boeing, and listed the actions it had taken.
In its complaint, the EU said the actions listed in the U.S. document did not withdraw the subsidies or remove their adverse effects.
The EU's litigation has mirrored the U.S. case but is running more than nine months behind.
The United States has already claimed the EU failed to withdraw subsidies for Airbus as required by Dec 1, 2011, and triggered a WTO arbitration to claim up to $10 billion. That process is effectively frozen until the two sides have exhausted other legal avenues.
Many trade experts expect the two sides, which each accuse the other of unfairly supporting its own planemaker, to attempt to negotiate a settlement as the legal appeals and counter-appeals become more and more entangled.
September 25, 2012
Source: Reuters
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