{"id":22582,"date":"2012-03-12T14:22:00","date_gmt":"2012-03-12T14:22:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/wto-panel-upholds-illegal-boeing-aid-ruling-ba\/22574\/"},"modified":"2012-03-12T14:22:00","modified_gmt":"2012-03-12T14:22:00","slug":"wto-panel-upholds-illegal-boeing-aid-ruling-ba","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wto-panel-upholds-illegal-boeing-aid-ruling-ba\/22582\/","title":{"rendered":"WTO Panel Upholds Illegal Boeing Aid Ruling (BA)"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p><!--Ad Injection mfunc mode ad include code--><!--mfunc include_once('\/mnt\/Target01\/327806\/www.thestockmarketwatch.com\/web\/content\/stock-market-news\/wp-content\/plugins\/ad-injection\/adshow.php') --><!--\/mfunc--><\/p>\n<p><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/2010\/12\/271.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-thumbnail wp-image-2973\" title=\"Boeing\" src=\"https:\/\/storage.googleapis.com\/smw-news-wp\/2010\/12\/271-150x150.jpg\" alt=\"Boeing\" width=\"150\" height=\"150\"><\/a>The World Trade Organization\u2019s (WTO) appeals panel, today, ruled that Boeing Company (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=BA\">NYSE: BA<\/a>), the U.S. aerospace company, received $5 billion in illegal government subsidies. The panel ruled that the subsidies received by Boeing were much more than what European rival Airbus received.<\/p>\n<p><span id=\"more-22582\"><\/span><\/p>\n<p>The panel has now ruled on both sides of the dispute. Previously it had determined that subsidies to the Toulouse, France-based Airbus total nearly $18 billion over more than a quarter-century.<\/p>\n<p><!--mfunc adshow_display_ad_file_v2(array('ad_random_1.txt'), array(100), array('align' => 'float right', 'clear' => '', 'margin_top' => '', 'margin_bottom' => '', 'padding_top' => '', 'padding_bottom' => ''), array(), array()) --><\/p>\n<div style=\"float:right;margin-left:5px;\"><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - in News 300 *\/\ngoogle_ad_slot = \"5684630733\";\ngoogle_ad_width = 300;\ngoogle_ad_height = 250;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/div>\n<p><!--\/mfunc--><\/p>\n<p>With the latest ruling, it is likely that the long-running dispute between Boeing and Airbus may be coming to an end.<\/p>\n<p>The European Commission said that it welcomed the confirmation that Boeing, like Airbus, received billions of dollars in illegal subsidies between 1989 and 2006. Back in May, the WTO panel had riled that European governments provided some $18 billion to Airbus in illegal subsidies, which hurt Boeing.<\/p>\n<p>European Union\u2019s Trade Commissioner, Karel De Gucht, noted that the panel\u2019s ruling today is vindication of the European Union\u2019s long-held claims that Boeing has received huge handouts from the U.S. governments in the past and continues to do so today.<\/p>\n<p>Ron Kirk, U.S. Trade Representative, meanwhile, said that the WTO appeals panel determined that the U.S. support for Boeing was much less that the amount of European Union help for Airbus. He said that the ruling is a tremendous victory for American manufacturers and workers.<\/p>\n<p>Kirk also said that the panel found that U.S. subsidies to Boeing cost Airbus 118 lost aircraft sales, while European Union subsidies for Airbus cost Boeing 342 lost aircraft sales.<\/p>\n<p>Boeing shares are marginally higher in trading today. At last check, the stock was trading 0.83% higher at $73.90 on volume of 1.50 million.<\/p>\n<p>Boeing shares have gained 2.88% in the last three months, compared with a gain of 9.21% for the <a href=\"https:\/\/stockmarketwatch.com\/markets\/sp500\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a>.<\/p>\n<p>More Posts by this author<\/p>\n<ul>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/market-updates\/stocks-headed-for-a-higher-finish-sp-500-hits-1400-mark\/22822\"><br \/>\nStocks Headed for a Higher Finish; S&amp;P 500 Hits 1400 Mark<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/2011-was-a-transformational-year-for-camac-energy\/22817\"><br \/>\nCAK &#8211; 2011 was a transformational year for CAMAC Energy<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/progenics-pharmaceuticals-pgnx-q4-and-year-end-2011-results-of-operations\/22816\"><br \/>\nProgenics Pharmaceuticals &#8211; PGNX &#8211; Q4 and year end 2011 results of operations<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/ivanhoe-energy-ivan-project-highlights\/22815\"><br \/>\nIvanhoe Energy &#8211; IVAN &#8211; Project Highlights<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/ross-stores-rost-robust-sales-and-earnings-in-the-fourth-quarter\/22814\"><br \/>\nRoss Stores &#8211; ROST &#8211; Robust sales and earnings in the fourth quarter<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/recent-events\/business-news\/shire-shpgy-to-acquire-ferrokin-biosciences\/22811\"><br \/>\nShire &#8211; SHPGY &#8211; To acquire FerroKin BioSciences<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/recent-events\/business-news\/gold-and-silver-prices-in-green-4\/22812\"><br \/>\nGold and Silver Prices in Green<\/a><\/li>\n<\/ul>\n<hr>\n<table style=\"border:none;margin:0;\">\n<tr>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/2024\/08\/5.jpg\" alt=\"edliston\" width=\"125\" height=\"125\" class=\"photo\"><\/td>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<div style=\"font-size:11pt;\"><b>Post Written By: Ed Liston <\/b><\/div>\n<div style=\"font-size:10pt;\">\n<p>Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.\n<\/p><\/div>\n<\/td>\n<\/tr>\n<\/table>\n<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n","protected":false},"excerpt":{"rendered":"<p>The World Trade Organization\u2019s (WTO) appeals panel, today, ruled that Boeing Company (NYSE: BA), the U.S. aerospace company, received $5 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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