March 8, 2021
JOINT UNITED STATES AND THE EUROPEAN UNION ANNOUNCEMENT
OF LARGE CIVILIAN AIRCRAFT WTO DISPUTES
OF LARGE CIVILIAN AIRCRAFT WTO DISPUTES
The United States and European Union have agreed to suspend all tariffs for four months relating to the long-running dispute between the two largest aircraft companies, Boeing Company and Airbus SE.
The tariffs affect $7.5 billion of EU exports and $4 billion of US exports to the EU.
“The EU and the US are committed to reach a comprehensive and durable negotiated solution to the Aircraft disputes. Key elements of a negotiated solution will include disciplines on future support in this sector, outstanding support measures, monitoring and enforcement, and addressing the trade distortive practices of and challenges posed by new entrants to the sector from non-market economies, such as China.
“These steps signal the determination of both sides to embark on a fresh start in the relationship.”
The actual start date will be announced upon completion of the formal agreement between the US and EU.
Click here to read the USTR notice.
Please reach out to us with any questions you have regarding this or any other trade matter.
The tariffs affect $7.5 billion of EU exports and $4 billion of US exports to the EU.
“The EU and the US are committed to reach a comprehensive and durable negotiated solution to the Aircraft disputes. Key elements of a negotiated solution will include disciplines on future support in this sector, outstanding support measures, monitoring and enforcement, and addressing the trade distortive practices of and challenges posed by new entrants to the sector from non-market economies, such as China.
“These steps signal the determination of both sides to embark on a fresh start in the relationship.”
The actual start date will be announced upon completion of the formal agreement between the US and EU.
Click here to read the USTR notice.
Please reach out to us with any questions you have regarding this or any other trade matter.
