January 20, 2021 4:20 pm
The European Parliament Committee on Agriculture and Rural Development (AGRI Committee) has called on the European Commission to call a truce and negotiate a moratorium on trade sanctions with the new Biden Administration in the US.
The committee said the EU must “immediately launch negotiations with the new US administration to call a truce in the Airbus/Boeing dispute and avoid further sanctions that damage EU farmers”.
The matter refers to a matter in October 2019, when the US won the largest arbitration award in World Trade Organization (WTO) history in its dispute with the EU over illegal subsidies to aircraft manufacturer Airbus.