12:31: Scanning the conclusions of the WTO report, the panel has two statements that seem to contradict a third (although, of course, I'm not a lawyer).
On one hand, the panel says "yes": the US side did prove Airbus received subsidies, and those subsidies "displaced the exports of a like product of the US" in eight countries and the "likely displacement" of exports to another country (India).
But the panel also says "no": the US side did NOT prove that those subsidies allowed Airbus to undercut, suppress or depress prices "significantly" compared to Boeing products in any market.
(This opinion will loom large in the KC-X contract competition, as Boeing's supporters have argued that the Airbus subsidies allow EADS NA to undercut the KC-767 on price in what is expected by both sides to be a price shoot-out.)
11:35: Adding Twitter feed on WTO-related tweets.
11:24: In case you'd like to read another report about this issue, EADS NA also released a new paper today entitled "Don't let Boeing close the door on competition. Boeing Subsidies Report FINAL 5_26_10.pdf.
11:20: EADS North America has also released a statement by email to reporters covering the story.
10:49: The World Trade Organization today has issued the final report on the US case against the European Union over the matter of alleged subsidies to Airbus, thus conclusively resolving this decades-old issue once and for all with an unchallenged, definitive, legal and binding ruling. Um, or not.
My colleague in London Niall O'Keeffe is covering the news from Europe, while I'm looking at events on this side of the pond.
Here are the most relevant links so far:
On one hand, the panel says "yes": the US side did prove Airbus received subsidies, and those subsidies "displaced the exports of a like product of the US" in eight countries and the "likely displacement" of exports to another country (India).
But the panel also says "no": the US side did NOT prove that those subsidies allowed Airbus to undercut, suppress or depress prices "significantly" compared to Boeing products in any market.
(This opinion will loom large in the KC-X contract competition, as Boeing's supporters have argued that the Airbus subsidies allow EADS NA to undercut the KC-767 on price in what is expected by both sides to be a price shoot-out.)
11:35: Adding Twitter feed on WTO-related tweets.
11:24: In case you'd like to read another report about this issue, EADS NA also released a new paper today entitled "Don't let Boeing close the door on competition. Boeing Subsidies Report FINAL 5_26_10.pdf.
11:20: EADS North America has also released a statement by email to reporters covering the story.
"The
Obama Administration and Department of Defense have opposed every attempt to
use the ongoing WTO commercial trade dispute to derail the KC-X
competition. The only beneficiary of
such a noncompetitive action would be the Boeing Company. Everyone else--the warfighter, the taxpayer
and 48,000 Americans who stand ready to build the KC-45--would lose.
10:49: The World Trade Organization today has issued the final report on the US case against the European Union over the matter of alleged subsidies to Airbus, thus conclusively resolving this decades-old issue once and for all with an unchallenged, definitive, legal and binding ruling. Um, or not.
My colleague in London Niall O'Keeffe is covering the news from Europe, while I'm looking at events on this side of the pond.
Here are the most relevant links so far:
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