EU: Airbus, France and Spain agreement to modify subsidy scheme in full compliance with WTO rulings

The European Union (EU) Competition Watchdog said in a statement on Friday, Airbus, France and Spain agreed to modify subsidy scheme, which will put them in full compliance with the World Trade Organization (WTO) rulings.

Statement from the European Commission

The move "removes any grounds for the US to maintain its countermeasures on EU exports.

If dispute not settled, EU will be ready to fully avail itself of its own sanction rights.

more to come ...