GENEVA/PARIS, March 23 (Reuters) – A World Trade
Organization panel called on Tuesday on the European Union to
end illegal subsidies to Airbus <EAD.PA>, ratcheting up the
stakes in the multi-trillion-dollar large aircraft market.
The call came in a confidential 1,000-page ruling by the
WTO panel in one of two cases in the trade dispute involving
arch-rivals Boeing <BA.N> and EADS subsidiary Airbus.
GENEVA, March 18 (Reuters) – A long-awaited World Trade
Organization decision next Tuesday on state support for Airbus
planes will clarify rules on industrial subsidies but does not
mean the end of the decades-old civil aircraft dispute.
Subsidy rules are at the heart of the transatlantic battle
for dominance in a market that aerospace firms estimate will be
worth $3 trillion over the next 20 years.
GENEVA (Reuters) – Members of the World Trade Organization are likely to conclude next week that it will take a political miracle to agree a new trade deal this year, consigning yet another Doha round deadline to the dustbin.
The U.S. and European Union trade chiefs have already acknowledged that it may not be possible to complete the Doha round of negotiations by 2010, as demanded by leaders at the last G20 summit and other meetings.
GENEVA (Reuters) – China has urged Iran to accept a nuclear fuel swap proposal to ease demands for new sanctions on Tehran, a senior Chinese diplomat said, adding that Beijing wants “every avenue” tried before considering sanctions.
China faces mounting demands from Western powers to approve a proposed United Nations resolution imposing new sanctions on Tehran, which they say wants the means to make nuclear weapons and has broken non-proliferation safeguards.
GENEVA (Reuters) – International calls for China to allow its yuan currency to appreciate take no account of the importance of the country’s stability for the region and for the world, a U.N. agency report said on Tuesday.
The United Nations Conference on Trade and Development (UNCTAD) also said countries should manage exchange rates through a system allowing nominal exchange rates to be adjusted for inflation differentials.
GENEVA (Reuters) – The row between the United States and European Union about billions of dollars in subsidies for civil aircraft takes a step toward resolution this month with a confidential report from the World Trade Organization.
Industry sources said on Monday a WTO panel would circulate a confidential ruling to the parties in the U.S. case against aid for Airbus <ARBU.UL> planes built by EADS <EAD.PA> by the end of March.