Subscribe free to our newsletters via your
. Space Travel News .




TRADE WARS
U.S.-EU trade dispute ongoing
by Staff Writers
Brussels (UPI) Oct 16, 2012


disclaimer: image is for illustration purposes only

The spat between the European Union and the United States over alleged government subsidies to Boeing is far from resolved.

The United States last month said it ended any subsidies to the aerospace and defense giant that may have been in violation of World Trade Organization rules. But the EU late last week said it had not done so.

The European Union has now asked the WTO to establish a compliance panel to address Washington's failure to remove contravening subsidies as directed by the WTO last March.

"Last month, the U.S. claimed to have removed the WTO inconsistencies, but provided no detailed evidence to support its claims," the EU said in a news release. "Rather, it is now clear for the EU that the U.S. has not only failed to properly implement the decision of the WTO but it has even provided new subsidies to Boeing."

Consultations held between the EU and the United States recently failed to resolve the dispute which the Europeans claim is costing European aerospace concerns, such as Airbus, billions of dollars in lost revenue.

According to findings by a WTO Appellate Body report, which was adopted by the WTO Dispute Settlement Body, various U.S. government and state government subsidies that contravened WTO rules amounted to billions of dollars - as much as $6 billion between 1989 and 2006.

The amount of contravening subsidies since 2006 were estimated at $3.1 billion or more.

Specific items the Appellate Body pointed to include $2.6 billion in research and development funding to Boeing from NASA; Department of Defense R&D funding of as much as $1.2 billion; Foreign Sales Corp. export subsidies of $2.2 billion; tax breaks of nearly $3.1 billion for the period of 2006 to 2024 from the state of Washington; and $476 million in subsidies from the city of Wichita, Kan., where Boeing has a facility.

"We had expected that the U.S. would have finally complied in good faith with its international commitments and would have abided by the WTO rulings that clearly condemned U.S. subsidies to Boeing," said EU Trade Commissioner Karel De Gucht. "We are disappointed that this does not seem to be the case.

"So, the U.S. leaves us with no other choice but to insist on proper compliance before the World Trade Organization. We are confident that this process will finally lead to a level playing field in the aircraft sector."

The United States has argued that any subsidies given to Boeing were less than EU subsidies to Airbus, which are worth $18 billion.

The WTO Dispute Settlement Body is expected to meet this week to address the EU complaint.

.


Related Links
Global Trade News






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








TRADE WARS
Argentine delegation in Ghana for talks on warship seizure
Accra (AFP) Oct 16, 2012
A delegation from Argentina on Tuesday met with Ghanaian officials in an attempt to negotiate the release of a warship being detained outside Accra over a bond dispute, an official said. The vessel that had travelled to the West African nation for a training mission was seized by port officials this month under a court order secured by a Cayman Islands investment group which claims it is owe ... read more


TRADE WARS
AFSPC commander convenes AIB

Proton Lofts Intelsat 23 For Americas, Europe and Africa Markets

India to launch 58 space missions in next 5 years

SpaceX Dragon Successfully Attaches To Space Station

TRADE WARS
NMSU Graduate Student Looks For Indications Of Life On Mars In Possible Trace Methane Gas

Rover's Second Scoop Discarded, Third Scoop Commanded

Robotic Arm Tools Get To Work On Rock Outcrop

Curiosity Preparing for Second Scoop

TRADE WARS
University of Tennessee study confirms solar wind as source for moon water

Russia to launch lunar mission in 2015

Moon water could have solar source: study

Solar wind particles likely source of water locked inside lunar soils

TRADE WARS
Sharpest-ever Ground-based Images of Pluto and Charon: Proves a Powerful Tool for Exoplanet Discoveries

The Kuiper Belt at 20: Paradigm Changes in Our Knowledge of the Solar System

e2v To Supply Large CMOS Imaging Sensors For Imaging Kuiper Belt Objects

Fly New Horizons through the Kuiper Belt

TRADE WARS
Ultra-Compact Planetary System Is A Touchstone For Understanding New Planet Population

Nearest Star Has Earth Mass Planet

Distant planet found circling with 4 stars

Nearby Super-Earth Likely a Diamond Planet

TRADE WARS
India testfires Mars mission engine

ATK Awarded $50 Million Contract for NASA's Advanced Concept Booster Development for SLS

Rotors seen as method of spacecraft return

ATK and NASA Showcase Cost-Saving Upgrades for Space Launch System Solid Rocket Boosters

TRADE WARS
China launches civilian technology satellites

ChangE-2 Mission To Lagrange L2 Point

Meeting of heads of ESA and China Manned Space Agency

China Spacesat gets 18-million-USD gov't support

TRADE WARS
Lost asteroid rediscovered with a little help from ESA

First Evidence of Dynamo Generation in an Asteroid

Asteroid fragments could hint at the origin of the solar system

A New Dawn For NASA's Asteroid Explorer




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement