WTO Rebukes Airbus Subsidies In Victory For US

Law360, New York (June 30, 2010, 12:02 PM EDT) -- A World Trade Organization dispute settlement panel ruled Wednesday that subsidies European governments paid to Airbus SAS are inconsistent with WTO rules, marking a major victory for the U.S. in what has become the largest and most expensive dispute in the WTO's history.

The European Communities, France, Germany, Spain and the U.K. have acted inconsistently with an international trade agreement and have nullified or impaired benefits accruing to the U.S., the WTO said.

“This important victory will benefit American aerospace workers, who have had to endure...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.