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Fri, Oct 08, 2004

Aero-News Quote Of The Day (10.08.04)

Aero-News: Quote of the Day

ANN's Quote of the Day usually derives from current news, though we reserve the right to pick quotes out of history that have a bearing on the day's events and issues.

Sometimes, you'll find them timely and in keeping with the content of the day's news... and sometimes, they'll just be thought-provoking.

Reader suggestions and comments are welcome... and if particularly intriguing, timely, or poignant, may themselves become future Quotes of the Day.

Let us hear from you, folks!

Aero-News Quote of the Day

"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.

FMI: www.boeing.com, www.airbus.com, www.wto.org

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