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U.S. regrets EU move on tariffs, seeks deal on Boeing-Airbus row - speech

Credit: REUTERS/Brendan McDermid

The United States on Monday told the WTO that it regretted the European Union's seeking retaliatory tariffs for Boeing subsidies, and that it favoured a "negotiated resolution" with the bloc over its subsidies to rival planemaker Airbus.

GENEVA, Oct 26 (Reuters) - The United States on Monday told the WTO that it regretted the European Union's seeking retaliatory tariffs for Boeing BA.N subsidies, and that it favoured a "negotiated resolution" with the bloc over its subsidies to rival planemaker Airbus AIR.PA.

The U.S. speech, seen by Reuters, came at a meeting of the World Trade Organization's Dispute Settlement Body (DSB) which gave its formal clearance on Monday for the EU to impose tariffs on $4 billion of U.S. goods.

"In conclusion, the United States strongly favors a negotiated resolution of its dispute with the EU over the massive launch aid subsidies it provided to Airbus. The United States has recently provided proposals for a reasonable settlement that would provide a level playing field," the U.S. delegation said.

(Reporting by Stephanie Nebehay; editing by Michael Shields)

((Stephanie.Nebehay@thomsonreuters.com; +41 58 306 2161; Reuters Messaging: stephanie.nebehay.thomsonreuters.com@reuters.net; twitter @StephNebehay))

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