WTO orders U.S. to halt Boeing subsidies

[Playinghardball]

GENEVA — The World Trade Organization ordered Monday the United States to halt unfair subsidies and tax breaks to planemaker Boeing, judging them to have damaged European rival Airbus.

The WTO’s Appellate Body said that it found that certain subsidies and tax breaks “caused, through their effects on Boeing’s prices, serious prejudice in the form of significant lost sales” to Airbus in the market for civil aircraft with 100-200 seats, according to a summary of the 700-page ruling.

That segment is for the medium-haul Airbus A320 and Boeing 737, which are their top selling aircrafts.

It also found that research and development subsidies also skewed competition for larger aircraft of 200-300 seats, and that such subsidies for the 787 Dreamliner “caused serious prejudice to the interest of the European Communities.”

http://www.rawstory.com/rs/2012/03/12/wto-orders-u-s-to-halt-boeing-subsidies/

[Zalatix]

1. When do we tell the WTO to go <bleep> off?

[nolabels]

2. Seems like apples and oranges

Europe's taxing and subsidies make up doesn't always have parallel models to compare to the US. Mostly what i do know about law could be put in thimble but i am quite sure that laws and rulings have little merit if they need 700 pages to stand up for themselves in.

[msongs]

3. airbus is a government run company, completely subsidized lol nt