Thu, Oct 07, 2004
No Surprises Here
Boeing Company issued the following statement in light of the
announcement that the United States has terminated the 1992 US
– European Union Agreement on Trade in Large Civil Aircraft
and requested formal consultations in the World Trade Organization
(WTO) to address the matter of subsidies paid by European
governments to Airbus Industries:
"The Boeing Company fully supports the action taken today by the
US government, which came only after unsuccessful
government-to-government attempts to resolve the issue. It is clear
that the 1992 agreement does not reflect current market realities
and has outlived its usefulness," said Boeing President and Chief
Executive Officer Harry Stonecipher.
"Boeing appreciates the US government’s leadership and its
commitment to end the subsidies, particularly launch aid, that
Airbus receives," Stonecipher said. "The decision to request
consultations with the World Trade Organization provides the
opportunity for the two governments to continue working toward a
new agreement that eliminates launch aid going forward.
"Boeing shares the government's view that EU subsidies to
Airbus—now a successful and profitable company—must
cease," the statement said. "We remain determined to ensure that
competition in the large commercial aircraft market is undistorted
by such subsidies. Boeing will continue to support any course of
action that the US government feels is necessary to reach a new
agreement that achieves this goal."
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