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EU seeks billions in sanctions against US | Business | DW.DE | 27.09.2012

The World Trade Organization has said the European Union wants billions of euros from the US in return for what it calls illegal subsidies. It believes Boeing has been unfairly supported for years on end.

The European Union (EU) is seeking a total of $12 billion (9.3 billion euros) in annual sanctions from the US as part of a long-running dispute over what it claims are illegal subsidies for Airbus' main rival, Boeing, the World Trade Organization (WTO) confirmed on Thursday.

The WTO said in a statement it had received an official request from the EU to approve what would be the most costly sanctions ever in a trade dispute.

by In Wales (inwales aaat eurotrib.com) on Thu Sep 27th, 2012 at 03:53:38 PM EST
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