...subsidies debate, next round: The EU has blocked a US complaint to the WTO over Welsh subsidies to Airbus.
The European Union blocked a U.S. complaint to the World Trade Organization that says Airbus received new government subsidies, complicating 18- month-old countersuits over the legality of aircraft financing.
The United States filed a request for an additional WTO legal ruling on Feb. 1, saying that since its original complaint in October 2004, Airbus has benefited from an additional 5.2 million-pound, or $9.3 million, subsidy from the Welsh government. The EU rejected the U.S. call for the new aid to be added to the original case.
Under WTO rules, the EU can't reject a second request by the United States, which may come next month. The next scheduled meeting at which the matter may arise is May 17.
It will be interesting to see how it continues...
Fellow users - keep this discussion civilized!