EU ready to impose sanctions against the US



EU ready to impose sanctions against the US

The European company has fully met the requirements of the world trade organization





The European Union is ready to resort to sanctions against the United States if Washington refuses to settle the dispute over duties on exports from EU countries in the case of the Airbus Corporation. The company fully met the requirements of the world trade organization (WTO) in terms of reducing state investment, changing the terms of the agreement with the authorities of France and Spain on the project of a new series of passenger aircraft A350. This is stated in the statement of the European Commission.

“The EU is firmly committed to a negotiated settlement of this long-running dispute, the longest in the history of the WTO. Especially in the current economic environment, the EU believes that it is in the mutual interest of the EU and the US to stop the destructive tariffs that unduly burden our industry and agricultural sector. In the absence of a settlement, the EU will be prepared to fully exercise its own sanctions rights,“ it said.

Recall that in October 2019, the WTO allowed the States to impose duties against the EU for the fact that the EU did not comply with the organization's earlier decisions regarding subsidies to the Airbus Corporation. Then the duties were 10%.





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TAGS: EUROPE NEWS, USA, EUROPEAN UNION, SANCTIONS

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