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Tuesday, May 24, 2011

postheadericon The WTO dispute: Is it a case of odd man out?

After seven years, the World Trade Organization has finally ruled on two of the most important cases brought before them, one filed by the United States on behalf of Boeing and a countersuit by the European Union on behalf of Airbus.

The verdicts are in. Both sides have been found guilty of doing what they have been openly doing for decades: using government support to develop aircraft.

Results of the first of two final WTO Appellate Body reports just released constitute the final blow to the Boeing-sponsored myth that government support to Airbus somehow caused harm to Boeing. An expected win-win has turned into a lose-lose. The WTO’s appeals process hopefully ends a steady stream of propaganda regarding massive illegal subsidies to Airbus.

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