France and European partners to Retaliate European Aircraft Subsidies

Paris: France and its European partners would take firm counter-measures if Washington goes ahead with imposing sanctions on EU imports as retaliation for European aircraft subsidies, the French Foreign Affairs Ministry has said.

Agnes von der Muhll, the Foreign Affairs ministry’s spokesperson, warned on Wednesday that “the escalation of trade tension ... will have negative impacts on economies, international trade, and the aviation industry,” stressing that such dispute with a partner was “undesirable”, Xinhua reported. She added that “the EU would prefer an amicable settlement in this 15-year-old dispute and the development of new common rules on government support for aviation companies”.

“Unfortunately, the US does not seem ready to negotiate at this stage. We are therefore responding firmly and will defend European interests by imposing the retaliatory measures authorized by the WTO against the US,” she said. (IANS)

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