|Author (Corporate)||European Commission: DG Trade|
|Series Title||Official Journal of the European Union|
|Series Details||L 84, Pages 16-17|
|Content Type||Legislation, News|
Implementing Regulation (EU) 2021/425 - adopted by the European Commission on 9 March 2021 - introducing a suspension of commercial policy measures concerning a number of products from the United States of America (USA).
This Act was adopted following an agreement between the European Union (EU) and the USA leading the suspension for a four-month period of all retaliatory tariffs imposed as a result of the Airbus-Boeing disputes. These measures had been introduced in the EU by Implementing Regulation (EU) 2020/1646.
The dispute between the two sides over aircraft subsidies goes back nearly two decades. In 2018, the World Trade Organization (WTO) ruled that the EU had illegally provided support to Airbus, clearing the way for the USA to respond with tariffs in October 2019. In March 2019, the WTO ruled in a parallel case that the support provided by the USA to Being had also violated trade rules, authorising the EU to introduce its own tariffs against US exports in October 2020. Implementing Regulation (EU) 2020/1646 was adopted in November 2020 in the absence of an agreement to avoid tariffs on both sides.
This suspension was interpreted as an opportunity to focus on resolving the long-running dispute and also as a fresh start in the bilateral relations. This Implementing Regulation was published in the Official Journal on 11 March 2021.
|Subject Tags||Bilateral Relations, Export | Import Controls, External Trade | Trade Agreements, Trade Controls|
|Countries / Regions||United States|
|International Organisations||European Union [EU]|