sex hikayeleri interior desing escort fethiye escort denizli porno hikaye kredi kartı borç sorgulama sitesi yayında ziraatbank borç sorgulama
INTERNATIONAL BUSINESS NEWS
July 04, 2012 12:00:00 AM
  Follow @ Twitter

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.

AFP

Bad Blood


PREVIOUS STORY
Oil prices surge on Iran tensions, Norway strike
NEXT STORY
Fake byline flap rattles US news industry

Bookmark and Share
   




FIJI NEWS
Navy assists Police in salvaging missing carThe Fiji Police Force has sought the advice of Navy Commander, Commander John Fox on the best way to salvage the car which was reported missing ten years ago with its driver and passengers in Navua.
BUSINESS
Fijian economy records consecutive growthThe Fijian economy recorded its sixth consecutive year of expansion in 2015, with the economy growing by 4.0 percent while also noting its third successive year of growth above 4.0 percent.
TECHNOLOGY
Fiji receives ICT awardFijis efforts in harnessing its ICT sector has been recognised by the International Telecommunications Union and Prime Minister Voreqe Bainimarama yesterday received the ICTs in Sustainable Development Award in New York.
ENTERTAINMENT
Band Of Horses new album Why Are You Ok out JuneIn the past, Band of Horses founder and leader Ben Bridwell would literally run away from home to write while holing up in a secluded cabin or other such remote location, emerging months later with new songs for his band to flesh out and fully animate.
SPORTS
Rawaca to miss Paris, London 7sFijis top try scorer in the 2015/16 HSBC World Sevens Series, Savenaca Rawaca will not feature in the last two tournaments in Paris and London as he is not medically fit.
WORLD
Pope prays for peace in Syria, KoreaPope Francis prayed for a "political solution" in Syria and for "reconciliation" on the Korean peninsula in his first Easter Sunday message in front of a crowd in St Peter's Square.
NEWS SPORTS INFOTAINMENT MOBILE HOT TOPICS FOLLOW US ON