October 25, 2020

Commerce believes that the WTO ruling on Boeing will allow Brussels to respond firmly to Trump




The Secretary of State for Commerce, Xiana Méndes, assured this Wednesday that the authorization of the World Trade Organization (WTO) for the EU to impose sanctions on the United States for US public aid to Boeing abre the door to a “firm response” and that it is necessary to negotiate.

Specifically, the World Trade Organization (WTO) has authorized the European Union to impose trade sanctions to the United States worth almost 4,000 million of dollars for the improper subsidies of the latter in favor of its aeronautical manufacturer Boeing.

Xiana Méndez, in statements to journalists in Valladolid, has warned that this authorization enables the EU to “To convey a firm response to the United States and that it is necessary to negotiate”, in addition to making it clear that the EU “is willing to exercise the rights authorized by the WTO.”

The Secretary of State for Trade has trusted that the WTO decision will also will help to “ease trade tension” and promote good conditions for the export sector in Spain.

One of the sectors that can benefit from the WTO decision is the wine, subject to tariffs in the United States and which greatly hinders exports to the American country, because now “competition is going to be balanced.” However, it has recognized that there is concern about exports of the wine sector to the United States due to the imposition of tariffs.

Four million for promotion

Xiana Méndez highlighted that ICEX, in collaboration with the Ministry of Agriculture, Fisheries and Food, will provide 4 million euros for a campaign to promote quality agricultural products, in which the wine sector will have priority treatment, with the intention that they are not “so susceptible” to the imposition of tariffs.

The Secretary of State for Commerce has warned that in a situation like the current one, with the coronavirus pandemic, it is important “Keep international markets open” and also investments, to contribute to the recovery of the Spanish economy.

Xiana Méndez has visited, accompanied by the delegate of the Government in Castilla y León, Javier Izquierdo, the company’s factory Special Ingots, dedicated to metallurgy and supplier of parts for the manufacture of automobiles, which it has considered as an example of the export drive.

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