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Tuesday, November 29, 2016

Boeing slams WTO ruling as subsidy battle rumbles on

Boeing has rejected a World Trade Organisation claim that it received illegal subsidies for its 777X manufacture programme. In response to the ruling, Boeing argued the WTO had rejected virtually all of the European Union's challenges to the Washington state tax incentives. On Monday the World Trade Organisation ruled a tax break from Washington state to help Boeing develop its new 777X jetliner was a prohibited subsidy.

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