WTO formally launches investigation

By Administrator |

As anticipated, the World Trade Organization (WTO) yesterday formally launched an investigation into allegations of illegal state aid for Airbus and Boeing, setting the scene for what some analysts say could be one of the

biggest trade battles in history.
The WTO has appointed panels to investigate allegations by both Brussels and Washington pertaining to billions of dollars of subsidies which are said to have been paid by governments to both of the world's largest civil aircraft manufacturers. The key concern surrounding the investigation is that transatlantic relations could become very strained if the row spirals out of control. If either party is found guilty, then the other could win the right to impose sanctions that far outstrip any seen in the past.

Europe

Heinemann anticipates another €1bn year at IST

Retail has boomed at Istanbul Airport (IST) and the momentum is set to continue this year, even...

Europe

MAN 'very sorry' after power spike cancels flights

Manchester Airport (MAN) Managing Director Chris Woodroofe has issued an apology to passengers...

International

Vantage rebrands as airports manager and investor looks to the future

Vantage Airport Group (Vantage) has announced a corporate rebrand to Vantage Group. The...

image description

In the Magazine

TRBusiness Magazine is free to access. Read the latest issue now.

E-mail this link to a friend