OTHER NEWS - Jan. 16, 1992
From Times Staff and Wire Reports
U.S. Wins Round in Airbus Dispute : The United States has won its case against the European Community in a dispute over exchange rate guarantees made to the German arm of Airbus Industrie, the European aircraft maker, a Geneva diplomat said. The diplomat said a panel of the General Agreement on Tariffs and Trade ruled against the 12-nation community 11 months after Washington complained that German government guarantees for Deutsche Airbus violated GATT’s subsidy rules. GATT is an international body that oversees world trade. Deutsche Airbus, the German arm of the four-nation consortium, was receiving the guarantees as a form of protection against exchange rate fluctuations.
