Aviation Industry

A WTO ruling on aircraft subsidies raises the risk of a tariff war


THE manufacture of airliners may be the world"™s most globalised industry. Only two firms make big civil jets: Boeing of America and Airbus of Europe. Most of their revenue"”55% for Boeing and 70% for Airbu"”are earned outside their home territory. Both source parts from dozens of countries. But a ruling by the World Trade Organisation (WTO) on subsidies in the industry could deal another blow to the beleaguered international trading system.

On May 15th the WTO"™s final appeals body upheld parts of a previous ruling, finding that the European Union wrongly provided subsidies to Airbus to develop new aircraft. That, it concluded, had hit sales of Boeing"™s jets…

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Fuente: https://www.economist.com/finance-and-economics/2018/05/19/a-wto-ruling-on-aircraft-subsidies-raises-the-risk-of-a-tariff-war

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