US Boeing subsidies ruled illegal

EU trade chief Karel De Gucht said yesterday a World Trade Organisation (WTO) trade panel ruling found US airline Boeing had received huge illegal subsidies from the US government, and that such support had caused substantial harm to EU interests. De Gucht called on the United States to work with the European Union on a mutually agreed solution to the six-year battle over state support. De Gucht says the US now has a “crystal-clear ruling that exposes its long-running multi-billion dollar subsidisation of Boeing through federal and state programmes.”