Arab Today, arab today boeing trade spat with airbus bad for both
Last Updated : GMT 21:25:08
Arab Today, arab today
Arab Today, arab today

Boeing: Trade spat with Airbus bad for both

Arab Today, arab today

Arab Today, arab today Boeing: Trade spat with Airbus bad for both

New York - AFP

The conflict over subsidies between Boeing and Airbus is opening the door for other competitors to gain ground in the industry, two Boeing representatives told AFP Tuesday. Speaking ahead of the Farnborough International Airshow in Britain, where thw two plane makers are likely to continue jousting in their seven-year-old trade fight, the representatives said they wanted to bring order to the highly competitive aircraft business. "Our objective is to put discipline in place for our industry," said Bob Novick, Boeing's legal counsel on World Trade Organization matters. "We've always been of the view that we should put an end to this dispute," Novick said. "If this isn't addressed properly and the subsidies are allowed to go unchecked, then obviously it is something other countries that are moving into the aircraft space will look at as offering incentive." "There's China, Russia, Brazil; there's Canada," he said. "There are many that are aspiring or close" to being competitors int he aircraft business. Ted Austell, Boeing's vice president of international trade policy, said the two giants' trade dispute has far-reaching consequences for the aviation industry. "The case is not just about Airbus and Boeing, or the US and the EU," Austell said. Giving the impression that WTO rules can be ignored without penalty "may not serve the long-term interest of our industry." Boeing and Airbus, which dominate the global aircraft business, have been at odds since 2004 over subsidies they receive from their governmental backers, and both have won and lost complaints filed against the other at the World Trade Organization. Novick said the ongoing subsidies dispute will be a hot topic when transportation ministers meet at the Farnborough show beginning Monday. "One of the issues that will be discussed in the near future, including at the airshow next week, is money to the A350," Novick said, referring to European launch aid for the new Airbus plane. "The United States has put forward evidence to what looks like 3.5 billion euros ($4.4 billion) of launch aid for the A350. WTO law makes clear you can't provide the exact same subsidies that were just found to be illegal," Novick said. "The European Union has done nothing by its own admission to remove the subsidies from the A380 and nothing regarding many other subsidies," he added, referring to Airbus's super-jumbo A380 plane that entered service in 2007. "The best outcome would be for Europe and Airbus to abide by their obligations" under the WTO, Austell said. "The US and Europe really have a common interest in demonstrating that the WTO works. It works for us and it should work for everyone else," he said. Novick said however, that "it doesn't appear that the EU or European governments are prepared to resolve this issue. "What they've done instead is to keep giving new money to Airbus -- and Airbus keeps taking new money." It "doesn't really set a great foundation for a negotiation," he said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today boeing trade spat with airbus bad for both Arab Today, arab today boeing trade spat with airbus bad for both

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today boeing trade spat with airbus bad for both Arab Today, arab today boeing trade spat with airbus bad for both

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday