The Dispute Settlement Body (DSB) of the World Trade Organization (WTO) on October 14 agreed to approve a request from the United States for authorization to impose retaliatory measures on the European Union (EU) and four EU member states in the Airbus case.
The authorization is granted as a result
of an earlier WTO's ruling which found that the EU and the four member states
-- namely France, Germany, Spain
and Britain -- failed to
remove subsidies for the European aircraft manufacturer Airbus which had caused
harm to Airbus' US
The United States may now impose
countermeasures on EU goods and services up to a value of nearly US$7.5 billion
annually, in line with the figure decided by a WTO arbitration ruling issued on
In a statement issued earlier this
month, the EU also said that "Both the EU and the US have been found at
fault by the WTO dispute settlement system for continuing to provide certain
unlawful subsidies to their aircraft manufacturers," and "in the
parallel Boeing case, the EU will in some months equally be granted rights to
impose countermeasures against the US as a result of its continued failure to
comply with WTO rules".
Also earlier this month, the United States
said that it would impose tariffs on a wide range of EU goods starting October
Australia's second-biggest city Melbourne entered its first day of tougher restrictions and the Philippines decided to reimpose a stricter lockdown in and around the capital, reflecting worries about getting the coronavirus pandemic under control.
Britain has signed a deal for up to 60 million doses of a possible COVID-19 vaccine being developed by Sanofi and GlaxoSmithKline, it said on Wednesday (July 29), its fourth such arrangement as the race to tame the pandemic heats up. No vaccine has yet been approved for COVID-19, the respiratory disease caused by the new coronavirus that has killed more than 659,000 people and unleashed economic havoc worldwide.
Russia has no plan to rejoin the Group of Seven given its satisfaction with the Group of 20, the Kremlin said Monday (July 27).
Becoming a member of the Association of Southeast Asian Nations (ASEAN) has brought about great benefits to Vietnam in various fields, according to Deputy Foreign Minister Nguyen Quoc Dung.
The European Union's deal on a massive, economic stimulus plan marks the birth of a new Europe, French Finance Minister Bruno Le Maire told France Info radio on Tuesday (July 21).
Cambodia on Thursday (July 16) confirmed one more case of COVID-19, bringing the total number of infections in the country to 166, said a Health Ministry's statement. The Southeast Asian country has recorded a total of 166 confirmed COVID-19 cases to date, with 133 patients cured and 33 remained hospitalized.