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.
Illustrative image.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
rival, Boeing.
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
Ocober 2.
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
18.
Source: NDO
The danger from the COVID-19 pandemic is still latent, threatening people’s health and lives in the context that the immunity provided from the COVID-19 vaccine has decreased. Many other dangerous diseases are also likely to break out when the global vaccination rate slows down, due to inequality in access to health services, vaccine hesitancy, and consequences of economic recession.
The Association of Southeast Asian Nations (ASEAN) is witnessing a rise in the sales of electric vehicles (EVs) in Vietnam, Malaysia and Indonesia, according to Maybank Investment Bank Research (Maybank IB Research).
The respect paying ceremony for Party General Secretary Nguyen Phu Trong continued on the morning of July 26 at the National Funeral Hall in Hanoi, with high-level delegations from foreign countries and international organisations paying their last respects and expressing deep condolences.
A wave of condolences have poured in from world leaders, international organisations, rulling parties, Communist parties and partner parties following the death of Vietnamese Party General Secretary Nguyen Phu Trong.
President of the Australian Senate Sue Lines has expressed her deepest sympathy over the passing of General Secretary of the Communist Party of Vietnam Central Committee Nguyen Phu Trong and affirmed that he is a revered leader both in Vietnam and across the world.
Ambassador Dang Hoang Giang, Vietnam’s Permanent Representative to the United Nations (UN), on June 5 had a meeting with UN Secretary-General’s Special Envoy on Myanmar Julie Bishop during her working visit to New York.
.jpg)
