In October, the US Trade Representative (USTR) announced that the US had won the largest arbitration award in the World Trade Organization’s (WTO) history, in its dispute with the EU over illegal subsidies to Airbus. The decision awarded US$7.5 billion, which is nearly twice the next largest award. The arbitrator calculated the amount of the award based on WTO findings that EU launch aid for Airbus was causing significant lost sales of Boeing large civil aircraft, as well as impeding exports of Boeing large aircraft to the EU, Australia, China, Korea, Singapore and the United Arab Emirates. Under WTO rules, the arbitrator’s decision is final and not subject to appeal.
Please contact us at InternationalTradeCompliance@squirepb.com with any questions.