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WTO finds Boeing got billions in illegal subsidies
seattlepi ^ | Monday, January 31, 2011 | AUBREY COHEN

Posted on 01/31/2011 12:17:15 PM PST by buzzer

WTO finds Boeing got billions in illegal subsidies, but how many billions?

Boeing received billions of dollars in illegal subsidies, a World Trade Organization panel determined in a ruling released to the parties Monday.

But the two sides offered vastly different accounts of the ruling, which will remain confidential for several more weeks, until the WTO releases official translations.

Airbus said the subsidies amount to at least $5 billion, plus $2 billion more pledged for the future, and cost Airbus at least $45 billion in lost sales -- much more than the impact of illegal subsidies a separate panel found that European nations gave to the European plane maker.

"From today, Boeing can no longer pretend that it doesn't benefit from generous and illegal state subsidies. It has been doing so from the start and it's time to stop the denial," Rainer Ohler, Airbus' head of Public Affairs and Communications, said in a news release. "We expect the WTO dispute to carry on for several more years and as in all trade conflicts, a resolution will only be reached through negotiations. The myth that Boeing doesn't receive government aid is over and we hope this sets the tone for balanced and productive negotiations going forward."

(Excerpt) Read more at seattlepi.com ...


TOPICS: Business/Economy; Foreign Affairs; News/Current Events; US: Washington
KEYWORDS: aerospace; airbus; boeing; tanker; wto
... do we need the WTO stuff in the proposals for KC-X now or don't we ?!?!?
1 posted on 01/31/2011 12:17:20 PM PST by buzzer
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To: buzzer
WTO. Preposterous people, even more preposterous accusations against the US.
2 posted on 01/31/2011 12:20:45 PM PST by Hans
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To: buzzer

I’ve been chucking at the “Support Boeing, Airbus is state subsidized” fanatics for years. Boeing has been sucking at the corporate welfare teet for decades.


3 posted on 01/31/2011 12:22:00 PM PST by WNCer2010
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To: buzzer

...and their suits stuffed their offshore banking accounts with further tens/hundreds of millions.

And take it from someone who suffered in the management trenches, when ObamaCare was being passed, this level of bribery was child’s play compared to what BigPharma handed out to both sides of the Congressional aisle.

I tell ya’s: suits will rape their own grandmothers for bonuses.


4 posted on 01/31/2011 12:22:26 PM PST by warchild9
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To: buzzer

Boeing makes better planes than Airbus, anyhow.

Only American companies should be allowed to bid for military contracts in any event.


5 posted on 01/31/2011 12:33:06 PM PST by Emperor Palpatine (I'm shocked! Shocked to find out that gambling is going on in here!)
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To: buzzer; Hans
This whole affair is unbelievably stupid and could have been sorted out years ago when the EU suggested a comprehensive treaty on aerospace subsidies. But Boeing thought they could get away with their subsidies and pressured Washington to get the WTO involved. Remember: It was the US that sued first, then the EU counter-sued. So is really anyone surprised that both pot and kettle have been found black?

Should subsidies be abolished on both sides? Yes. Is it possible to do this 100%? Probably not, with all the public R&D and military spending involved. But it is a heck of a lot smarter to have a strict framework than a decade-long shouting match before the WTO.
6 posted on 01/31/2011 12:36:52 PM PST by wolf78 (Inflation is a form of taxation, too. Cranky Libertarian - equal opportunity offender.)
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To: WNCer2010

“I’ve been chucking at the “Support Boeing, Airbus is state subsidized” fanatics for years. Boeing has been sucking at the corporate welfare teet for decades.”

Right on Target.


7 posted on 01/31/2011 12:41:04 PM PST by trumandogz
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To: buzzer
"Boeing said Monday that the World Trade Organization had issued a "sweeping rejection" of European Union claims it had received illegal subsidies.

Responding after a WTO dispute settlement panel released its confidential final ruling to the US and EU governments, Boeing said the report marked a victory in its seven-year battle with Europe's Airbus over subsidies.

More at http://www.breitbart.com/article.php?id=CNG.63915f25e77f1eaeb3bcab7050055096.2e1&show_article=1

8 posted on 01/31/2011 12:41:11 PM PST by ReverendJames (Only A Painter Or A Liberal Can Change Black To White)
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To: buzzer
Trade Rulings Could Impact Air Force Tanker Competition

Author:Loren B. Thompson, Ph.D.
Date:Monday, January 31, 2011

World Trade Organization today released a final ruling on commercial transport subsidies received by Boeing. The ruling will remain confidential until translated into variety of languages, so only the parties to the case brought by European governments have seen it. However, the ruling probably confirms a preliminary finding last year that Boeing received only a few billion dollars in improper subsidies over a period of several decades -- a small fraction of the amount European countries had alleged. That finding is in marked contrast to another WTO ruling last year finding that Airbus has received at least $20 billion in illegal or actionable subsidies. Another contrast is that Boeing has substantially ceased receiving prohibited subsidies, while Airbus continues to actively pursue them. I have posted an analysis at Forbes.com today exploring the potential impact of WTO rulings on the Air Force's current tanker competition. It is not a pretty picture. You can find the Forbes analysis here.

Loren B. Thompson, Ph.D.

9 posted on 01/31/2011 12:44:30 PM PST by Yo-Yo (Is the /sarc tag really necessary?)
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To: WNCer2010

Oh Really? What support does Airbus get? The only thing Boeing gets is tax credits?


10 posted on 01/31/2011 12:48:13 PM PST by tallyhoe
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To: buzzer

ping


11 posted on 01/31/2011 12:49:20 PM PST by Wuli
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To: Emperor Palpatine

So the US shouldn’t be allowed to use Rolls Royce aircraft engines?


12 posted on 01/31/2011 12:52:05 PM PST by Mr. Lucky
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To: tallyhoe

Sweetheart deals from the Fed Gov, subsidies to many of their subsidiaries through foreign governments (Many Boeing parts are made overseas, subsidized by host countries). Oh, and tax credits are corporate welfare too. Do some research.


13 posted on 01/31/2011 12:52:22 PM PST by WNCer2010
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To: buzzer

Once again,Europe makes money in the only way they can...by suing successful US companies.Boeing...Microsoft...Apple...you name it,they sue them.


14 posted on 01/31/2011 12:55:07 PM PST by Gay State Conservative (''I don't regret setting bombs,I feel we didn't do enough.'' ->Bill Ayers,Hussein's mentor,9/11/01)
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To: buzzer

“If it ain’t Boeing I ain’t going.”


15 posted on 01/31/2011 12:56:19 PM PST by Don Corleone ("Oil the gun..eat the cannolis. Take it to the Mattress.")
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To: tallyhoe

“Oh Really? What support does Airbus get? The only thing Boeing gets is tax credits?”

What about bogus boondoggles like the “virtual fence?”


16 posted on 01/31/2011 12:56:43 PM PST by bwc2221 (.)
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To: buzzer

Is this real subsidies, or them calling military contracts subsidies?


17 posted on 01/31/2011 12:57:13 PM PST by antiRepublicrat
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To: Mr. Lucky

And just what’s wrong with Pratt and Whitney or GE?


18 posted on 01/31/2011 12:58:13 PM PST by Emperor Palpatine (I'm shocked! Shocked to find out that gambling is going on in here!)
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To: Emperor Palpatine

They don’t hold Rolls Royce patents.


19 posted on 01/31/2011 1:12:24 PM PST by Mr. Lucky
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To: Emperor Palpatine

“Only American companies should be allowed to bid for military contracts in any event.”

Which of both global players and their products you think can be called “american” ?!?
The italian and japanese built, russian designed and US assembled Boeing KC-767. Or the german designed, french and spain built US assembled KC-45 ?!?!

Have a look onto who owns Boeing and who owns EADS. IT’S AL THE SAME: COMAPNIES OWNING COMPANIES THAT ARE OWNED BY OTHER COMPANIES, WHICH ARE OWNED BY OTHER COMPANIES THAT SOMETIMES ARE THE SAME COMPANIES THAT ANOTHER COMPANY IS OWNED BY THE COMPANY IT SELF.


20 posted on 01/31/2011 1:19:01 PM PST by buzzer
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To: Gay State Conservative

Oh, you’ve missed part one. We’ve sued the EU first. They’ve counter sued. So we’re currently locked up in a “It’s all even Steven” situation.


21 posted on 01/31/2011 1:26:21 PM PST by buzzer
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To: Emperor Palpatine

“And just what’s wrong with Pratt and Whitney or GE?”
Gas guzzling Pratts tend to fall appart on the ground and the GEs are french designed (SNECMA) german built (MTU) US assembled (GE). But i personally think this is still the better option then the RB211 based rollers (RB211 + Trent-800/900/1000) that blow up in the air frequently.

This leaves which engines as the only and ultimate option ?!?!


22 posted on 01/31/2011 1:32:47 PM PST by buzzer
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To: buzzer; Fred Nerks; Beckwith; LucyT

Alternate Headline: Euroweenie Liberal Fascists Attack Capitalist US Companies at WTO.

Entertainment:

( The script guys, get with the script, it goes something like this!)

We do not want their cheese, their French Fries or their Muslims.Eff EM.THeir wimmen, well some are OK....Meh!( Olbermann/MSM)

Give us new allies in the World Wide Caliphate Nations!!!!( Says Obama, leaving no crisis unexploited.

Holder remains to be scene.( TODAY I HAVE INDICTED THE BOARD OF DIRECTORS OF BOEING, ALL BONDS AND PREFERRED SHARES ARE CONFISCATED AND HEREBY REISSUED TO THE UNION, pursuant to the executive order of the pResident of the United Fakes.)

Obama( a little later): I am pleased to announce the opening of our new Boeing Factory in Shanghai, People’s Repubic of China).

Presser: Former Mayor Daley: Boeing Announces Affirmative Action Hiring Policies after Obama West Coast Summit)

And in the middle of it all, GE can do NO wrong.( GE proundly comtinues to manufacture subsidized engines for the entire aeroindustry).

Its the fascist pattern folks, just read some 1930s Eurohistory.


23 posted on 01/31/2011 3:31:29 PM PST by Candor7 (Obama . fascist info..http://wwvw.americanthinker.com2009/05/brack_obama_the _quintessentia_1.html)
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To: Don Corleone
“If it ain’t Boeing I ain’t going.”

"If it is Boeing, you're going to have to be patient..."

24 posted on 01/31/2011 3:49:20 PM PST by Yo-Yo (Is the /sarc tag really necessary?)
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