leelaw
Posts: 4520
Joined: Sat May 29, 2004 4:13 pm

Boeing-Airbus Talks Face Difficulties

Thu Feb 10, 2005 5:39 pm

WSJ 02/10/05:

While the U.S. and European Union agree that their respective subsidies to Boeing Co. and Airbus should be eliminated, it will be difficult to come up with a way to do so, EU Trade Commissioner Peter Mandelson said.

"I have no illusions about the difficulty of reaching an agreement," Mr. Mandelson told reporters before leaving for a meeting in Washington today with U.S. Trade Representative Robert Zoellick. "You have to reach an outcome that offers fair competition to Boeing and Airbus. That's hard."

....Mr. Mandelson said the EU will also urge Congress to comply with a World Trade Organization ruling that so-called U.S. Byrd Amendment antidumping rules should be eliminated.

...Mr. Mandelson said it is important to conclude the talks as quickly as possible because of the uncertainty that now hangs over both aircraft makers. "It's not fair to the companies concerned to continue [talks] indefinitely," he said.
Lex Ancilla Justitiae
 
N79969
Posts: 6605
Joined: Tue Jan 29, 2002 1:43 am

RE: Boeing-Airbus Talks Face Difficulties

Thu Feb 10, 2005 5:43 pm

The EU is right about the Byrd Amendment. That is an absurd piece of law that should be eliminated.
 
yak42
Posts: 662
Joined: Sun Oct 29, 2000 6:17 am

RE: Boeing-Airbus Talks Face Difficulties

Fri Feb 11, 2005 4:03 am

What exactly is the Byrd amendmant?
 
Leskova
Posts: 5547
Joined: Wed Oct 08, 2003 3:39 pm

RE: Boeing-Airbus Talks Face Difficulties

Fri Feb 11, 2005 4:10 am

More on the Byrd Amendment...

http://www.ebearing.com/legislation/2000act.htm

Regards,
Frank
Smile - it confuses people!