US Seeks WTO Compliance Panel In Airbus Subsidies Feud

Law360, Los Angeles (March 30, 2012, 2:48 PM EDT) -- The United States said Friday that it seeks the formation of a World Trade Organization compliance panel over the European Union's failure to end illegal subsidies to airplane manufacturer Airbus, a move that could eventually lead to the imposition of billions in European trade sanctions.

"We refuse to stand by while American businesses and workers are disadvantaged," U.S. Trade Representative Ron Kirk said in a statement. "The European Union's aircraft subsidies have cost American aerospace companies tens of billions of dollars in lost revenue, which has...
To view the full article, register now.