News story

Vince Cable comments on WTO findings

“I greatly welcome today’s findings from the WTO Appellate Body. The WTO has finally rejected the US’ main allegations of illegal EU support…

This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

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“I greatly welcome today’s findings from the WTO Appellate Body. The WTO has finally rejected the US’ main allegations of illegal EU support to Airbus, and has endorsed the principle of European Governments providing repayable loans to companies to contribute towards the development of new aircraft.

“I am pleased the report also reverses a number of the other findings made by the original panel, and concludes that any adverse impact on Boeing is far lower than has been alleged. The findings that remain against Europe are now much more limited in scope but we will, of course, work to address them.

“The WTO’s conclusions confirm that this has been an unproductive and costly process, which has not served the interests of taxpayers or industry in either Europe or the US.”

Notes to editors

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Notes to Editors

Contact Information

Name BIS Press Office Job Title

Division COI Phone

Fax

Mobile

Email NDS.BIS@coi.gsi.gov.uk

Name Ashley Rogers. Job Title

Division Department for Business, Innovation and Skills Phone 020 7215 5971 Fax

Mobile

Email ashley.rogers@bis.gsi.gov.uk

Published 18 May 2011