"We are carefully monitoring the progress of the WTO
negotiations and keeping our fingers crossed that it will not lead
to trade friction. But this is an issue that could open a
Pandora’s box with regard to the 7E7."
Source: Anonymous Japanese trade official quoted
by the London Financial Times after being caught like a deer in the
headlights between the US and the EU over aerospace subsidies. As
ANN reported earlier this week, the US has taken its beef over EU
subsidies to Airbus to the World Trade Organization and has
announced it will no longer abide by a 1992 transatlantic agreement
that governs such subsidies.
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