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Judi Lynn Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-20-05 05:18 AM
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WTO creates panels for illegal subsidies
WTO creates panels for illegal subsidies
7/20/2005, 5:57 a.m. ET
The Associated Press

GENEVA (AP) The World Trade Organization on Wednesday created panels to investigate illegal subsidies allegedly paid by the EU and U.S. to rival airplane makers Airbus and Boeing Co., trade officials said.

The WTO's dispute settlement body agreed to set up the panels after the United States and European Union both went forward with a second request, a month after each side blocked one another in routine bureaucratic maneuvering.

The move sets into motion what could become the costliest and highest-profile case in the 10-year history of the WTO.

"This case will be the most complicated case that the WTO has ever handled," said Fabian Delcros, EU spokesman in Geneva. "We are not negotiating at this stage with the U.S. We are proceeding with the dispute settlement procedure.
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