January 31, 2011 / 4:04 PM / 7 years ago

CORRECTED-(OFFICIAL)-WTO Boeing report shows harm to industry-EU

(EU changes attribution of statement to trade spokesman)

BRUSSELS, Jan 31 (Reuters) - A report by the World Trade Organization on U.S. government subsidies for Boeing (BA.N) casts light on damage done to European industry, a European Commission spokesman said on Monday.

“We welcome the WTO panel’s confirmation of its initial findings regarding the support provided to Boeing by the US government,” the European Commission spokesman on trade, John Clancy, said in a statement.

The WTO was distributing the report on Monday to participants in a transatlantic row over airline subsidies.

“This solid report sheds further light on the negative consequences for the EU industry of these U.S. subsidies and provides a timely element of balance in this long-running dispute,” Clancy said.

The report by WTO experts marks the latest stage in a row between the United States and EU over unfair and illegal support for each other’s planemakers in a market for large passenger aircraft worth over $1.7 trillion.

Reporting by Juliane von Reppert-Bismarck, editing by Rex Merrifield

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