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Boeing WTO case: The EU puts in place countermeasures against US exports

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The European Commission's regulation increasing tariffs on US exports into the EU worth $4 billion has been published in the Official Journal of the EU. The countermeasures have been agreed by EU member states since the U.S. has not yet provided the basis for a negotiated settlement, which would include an immediate removal of US tariffs on EU exports in the Airbus WTO case. The World Trade Organization (WTO) formally authorized the EU on 26 October to take such countermeasures against illegal US subsidies to aircraft maker Boeing.

The measures will take effect as from today. The European Commission stands ready to work with the US to settle this dispute and also to agree on long-term disciplines on aircraft subsidies. An Economy that Works for People Executive Vice President and Trade Commissioner Valdis Dombrovskis, said: “We have made clear all along that we want to settle this long-running issue. Regrettably, due to lack of progress with the U.S., we had no other choice but to impose these countermeasures. The EU is consequently exercising its legal rights under the WTO's recent decision. We call on the U.S. to agree to both sides dropping existing countermeasures with immediate effect, so we can quickly put this behind us. Removing these tariffs is a win-win for both sides, especially with the pandemic wreaking havoc on our economies. We now have an opportunity to reboot our transatlantic cooperation and work together towards our shared goals.”

You will find more information here. 

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