Europe-based global major aerospace group Airbus reported on Friday that it had taken the final step in ending a long-running trade dispute at the World Trade Organisation (WTO) between the European Union and the US. The dispute had been running for 16 years. The issue was repayable launch investment (RLI) contracts awarded by some European countries for the Airbus A350 XWB airliner programme. The conditions of these contracts caused the US Trade Representative (USTR) to impose tariffs on a range of European exports to the US.
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