France says U.S. must comply fast with WTO Boeing ruling
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Boeing facilities are seen in Los Angeles, California, U.S. April 22, 2016. REUTERS/Lucy Nicholson/File Photo
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PARIS (Reuters) - France said on Wednesday that the United States must comply with a World Trade Organisation (WTO) ruling this week against U.S. tax breaks for Boeing (NYSE: BA), and that failure to do so would give the EU legal basis for retaliatory measures.
The WTO said this week that a tax break from Washington state to help Boeing develop its new 777X jetliner was a prohibited subsidy, in a setback for the U.S. planemaker as it eyes victory in a parallel case against Airbus (NYSE: AIR).
"The United States must quickly comply with the decision and put an end to these illegal measures," the French finance ministry said in a statement.
"If not, the European Union will have the legal grounds to adopt retaliatory measures concerning goods coming in from the United States," it added.
(Reporting by Sudip Kar-Gupta; Editing by Brian Love)
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