WTO overturns part of US aid complaint ruling on Airbus

18th May 2011, Comments 0 comments

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

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