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EU tries to resolve Boeing-Airbus dispute
European Union Trade Commissioner Peter Mandelson has made a new offer to the
United States to cut government aid in a bid to resolve the simmering
Boeing-Airbus subsidy dispute, an EU official said Monday. "We are proposing that there be an immediate cut in government support on both sides, and after that further cuts," Veron-Reville said, adding that Mandelson expects an answer from Portman in the coming days. The dispute centers on aid or subsidies to the world's two biggest aircraft makers and how it distorts the world market for planes. Both sides claim they unfairly suffer commercial damage. Negotiations that started Jan. 11 have so far failed to resolve the dispute. U.S. officials have said they would not take the case to the World Trade Organization unless Europe launches new development subsidies for Airbus. The EU said it would take similar action against aid given to Boeing Co. The 25-nation EU has warned that taking legal action at the WTO risked prolonged trans-Atlantic political tensions and commercial uncertainty for both companies. |
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