releases: http://reichert.house.gov/press-release/chairman-reichert-applauds-wto-ruling-illegal-airbus-subsidies
Data license: MIT · Data source: dwillis/congress-press
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| http://reichert.house.gov/press-release/chairman-reichert-applauds-wto-ruling-illegal-airbus-subsidies | Chairman Reichert Applauds WTO Ruling on Illegal Airbus Subsidies | 2016-09-22 | 2016 | 2016-09 | Republican | House | WA | Dave Reichert | R000578 | reichert.house.gov | legacy | Washington, DC – Today Congressman Dave Reichert (R-WA), Chairman of the Ways and Means Trade Subcommittee, applauded the World Trade Organization’s announcement regarding the United States’ longstanding dispute with the European Union (EU) and four of its member States regarding subsidies to Airbus. The WTO found that the EU and four of its member States illegally subsidized Airbus to the sum of nearly $22 billion, depriving Boeing of the sale of hundreds of aircraft and potential aerospace employees in Washington State the chance at a good-paying job. This was the largest trade ruling from WTO in history. Chairman Reichert participated in a press call announcing the report with Ambassador Froman and his Washington state delegation colleagues and made the following statement: "We know that American businesses and workers win when competition is fair," said Chairman Reichert. "Today's confirmation that the EU continues to illegally subsidize aircraft and must be held accountable is not only a huge victory for the United States and the over 260,000 workers employed by the aerospace industry in my home state of Washington, but it is a win for the rule of law and for all those who believe that trade rules are critical to empowering U.S. workers and consumers to compete in the 21st Century economy. Thank you to USTR for its dedication over many years to providing a level playing field for American workers." Additional Background Information: In June 2011, the WTO found that the EU and four of its member States (Germany, France, the UK, and Spain) conferred more than $18 billion in subsidized financing to Airbus and had caused Boeing to lose sales of more than 300 aircraft and to lose market share throughout the world. In fact, in looking at the effect of the EU subsidies, the Appellate Body agreed with the Panel that "[w]ithout the subsidies, Airbus would not have existed... and there would be no Airbus aircraft on the market. None of the sales that the subsidized Airbus made would have occurred." In contrast, the WTO rejected the EU assertion in the EU's counter-complaint that U.S. subsidies were responsible for the viability of Boeing's large civil aircraft production. The Boeing Company is the only American producer of large civil aircraft and is the largest single U.S. exporter. Boeing employs more than 157,000 people, including nearly 80,000 in Washington State and 15,000 in Washington’s Eighth Congressional District. Boeing sold $31.8 billion worth of commercial aircraft in 2010. It is the largest American manufacturer of commercial jetliners. | 1 | 2026-03-30T12:14:52Z | 2026-03-30T12:14:52Z |