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US News EU and USA lay Boeing / Airbus dispute on EIS

16:05  15 june  2021
16:05  15 june  2021 Source:   t3n.de

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The EU and the US have a compromise achieved in the dispute over criminal duties due to subsidies for Airbus and Boeing and thus defused one of their most difficult commercial conflicts. This was followed by both sides on Tuesday on the edge of the EU USA summit in Brussels.

Eine Boeing 747 (r) und ein Airbus A-321 (l) der Lufthansa auf dem Frankfurter Flughafen. Teil des Kompromisses ist, dass alle von der WTO genehmigten Strafzölle der USA und der EU für fünf Jahre ausgesetzt werden. © Boris Roessler / DPA A Boeing 747 (R) and an Airbus A-321 (L) of Lufthansa on the Frankfurt Airport. Part of the compromise is that all US approved penalties of the US and the EU are suspended for five years.

Central point is that the mutually imposed penalty duties are suspended for five years. Come benefit could consumers because surcharges for imported goods can be eliminated.

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"This meeting started with a breakthrough with aircraft manufacturers," said EU Commission President Ursula von der Leyen, explained. "This is truly opens a new chapter in our relationships because we proceed from complaints to cooperate in airplanes - after 17 years disputes." Previously, the Leyen had already said that it expects an agreement at the meeting with US President Joe Biden on this Tuesday.

Both sides had subsidized their own aircraft manufacturer for many years and then sued each other for competitive distortion before the World Trade Organization WTO. WTO arbitration courts had explained the subsidies illegally and allowed billions of criminal duties.

The US trade officer Katherine Tai named details for agreement and also made the impact direction clear: "Instead of arguing with one of our closest allies, we finally agree against a common threat: We agreed to do China's non-market-compliant practices in this sector individual measures to counterfeit our standards for fair competition. » The conclusions include investments and technology transfer.

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part of the compromise is that all US approved penalties of the US and the EU are suspended for five years. This applies as long as EU support for Airbus is based on the agreement. Should the EU infringe and US producers have competitive disadvantages, the US could react and re-reactive duties, Tai explained.

The aircraft manufacturers Boeing and Airbus are sharp competitors on the world market for aircraft. Both sides would have distorted competition through unauthorized state support of the companies, WTO Schlichter kept in two separate judgments.

Because Airbus was not fully degraded the complained subsidies, Schlichter allowed the US in October 2019 to raise criminal duties worth $ 7.5 billion (now around € 6.2 billion) in the year. That was the highest sum since the founding of the WTO 1995.

The US completed immediate duties on cheese, butter, wine, airspeed components and other products from Europe of up to 25 percent. Above all, they stressed countries, the Airbus supported: Germany, France, Spain, Great Britain.

About a year later, the same thing happened in the Boeing case: because US government and authorities not fully adopted the illegal promotion of the US company, approved WTO Schlichter of the EU criminal duties on US imports of just under $ 4 billion (today round 3.2 billion euros) a year.

The EU also imposed tariffs on aircraft components as well as agricultural and industrial goods from the US from up to 25 percent. The billing numbers on both sides consumers: Imported products are thus more expensive.

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