BRUSSELS (AN) — The European Union and the United States announced a deal to end the long-running and bitter subsidies dispute between rival aircraft manufacturers Airbus and Boeing, providing a boost to transatlantic relations as E.U. leaders and U.S. President Joe Biden met in Brussels.
The Geneva-based World Trade Organization has presided over the long-running trade dispute for nearly 17 years. The E.U.-U.S. deal would phase out US$11.5 billion in punitive trade tariffs over five years, according to separate announcements from the White House and European Commission.
