Airbus: full compliance reached with WTO

(CercleFinance.com) - In a statement this morning Airbus said that it is now "in full compliance" regarding the WTO Appellate Body report released last Tuesday.


Last week, it considered that the European Union had not taken into account the requests for the abolition of public aid granted to Airbus, particularly for the A350 and A380 aircraft.

"Airbus and the European member States France, Germany, Spain and the UK have agreed on some amendments to A380 and A350XWB Reimbursable Launch Investment (RLI) loans. This allowed the European Union to notify the WTO of an additional set of compliance measures, responding to Tuesday's publication of the WTO Appellate Body report. In its report, the WTO had clarified that the European Union and Airbus have achieved compliance in respect of the vast majority of the support at issue but considered that some remaining obligations required minor adjustments. Those have now been addressed by the EU," Airbus said.

Airbus General Counsel John Harrison stated: “We are confident that we have now achieved full compliance in the DS316 case as a clear demonstration of the will to ensure a fair trade environment respecting international trade agreements."



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