WTO overturns part of US aid complaint ruling on Airbus
The World Trade Organization's appeal body on Wednesday overturned part of its ruling on Washington's complaint against the European Union over aid for aviation giant Airbus.
In a key finding, the appellate body "reversed the panel's findings that the financing provided by Germany, Spain and the UK to develop the A380 was contingent upon anticipated exportation and thus a prohibited export subsidy.
"As a consequence, the appellate body reversed the panel's recommendation that the European Union withdraw prohibited subsidies within 90 days," the WTO said on its website.
© 2011 AFP