Associated Press

Geneva, July 20:

The World Trade Organisation today created panels to investigate illegal subsidies allegedly paid by the EU and US to rival airplane makers Airbus and Boeing Co, trade officials said.

The WTO’s dispute settlement body agreed to set up the panels after the US and EU both went forward with a second request, a month after each side blocked one another in routine bureaucratic maneuvering. The move sets into motion what could become the costliest and highest-profile case in the 10-year history of the WTO.

“This case will be the most complicated case that the WTO has ever handled.”