It is said that the United States opens the doors to the EU talks on the Airbus agreement

The United States has expressed its desire to initiate talks with the European Union to try to reach an agreement on the illegal state subsidies given to Airbus SE, potentially avoiding billions of dollars in sanctions against the trade bloc, according to a person familiar with the matter.

In a meeting on Monday of the dispute resolution body of the World Trade Organization, the US. UU They said they will continue to impose sanctions if an agreement can not be reached, said the person who attended the meeting and to be named because the discussions are not public.

The proposed talks indicate a possible change in the position of the Office of the US Trade Representative, which negotiates trade agreements and has threatened to impose retaliatory tariffs against EU products after final decision [19659005] of the WTO in May on the badistance that Airbus has received. It was hoped that this process, in which the WTO would determine the scale of any sanctions, would begin at Monday's meeting.

Airbus shares fell 0.6 percent to 96.63 euros at 9:10 in Paris, giving a market value of 75 billion euros ($ 87 billion).

A WTO spokesperson declined to comment. A spokeswoman for Airbus said the European aircraft maker would "welcome" a proposal from the US. UU To discuss an agreement without preconditions.

A spokesperson for Boeing Co., which competes with Airbus, forwarded questions to the US commercial representative. UU , who did not respond immediately to a request for comments on Monday, a holiday in the country. Boeing has previously said that Airbus' aid harmed the company and "would translate into billions of dollars in tariffs on European exports to the US annually."

Airbus has repeatedly called on the opposing parties to reach an agreement after the WTO, the arbitrator of international trade disputes, determined that the aircraft manufacturer based in Toulouse, France, had not sufficiently reversed the subsidies of the EU countries for its two largest models, the superjumbo A380 and the A350. The manufacturer said last week that it had reached an agreement with its state sponsors to adjust the existing loans according to the findings of the commercial body.

The WTO must issue a verdict on an EU counter-claim against Boeing that the United States competitor had not adequately amended the subsidies for its 777 and 787 wide-body. Airbus had relied on the outcome of that decision, which it was due this year, to persuade its Chicago-based rival to begin settlement negotiations. [19659000] ( Adds Airbus shares in the fourth paragraph. )


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