Wednesday, June 30, 2010

Boeing wins WTO trade ruling over Airbus

Boeing--and American workers--are the big winners in a World Trade Organization ruling issued this morning. A WTO panel declared that Airbus and its parent, EADS, received prohibited export subsidies from European Union governments.

It's a big victory for Chicago-based Boeing and thousands of American workers--and of course for advocates of fair and free trade.

The Office of the United States Trade Representative, Ron Kirk, issued a celebatory statement:

"This important victory will benefit American aerospace workers, who have had to endure watching Airbus receive these massive subsidies for more than 40 years. These subsidies have greatly harmed the United States, including causing Boeing to lose sales and market share. Today's ruling helps level the competitive playing field with Airbus," said Ambassador Kirk. "Protecting the rights of American manufacturers, as well as farmers, ranchers, services providers, and workers under our trade agreements continues to be a priority of this Administration. President Obama and I are committed to enforcing our trade agreements and, when necessary, using the dispute settlement process that is consistent with the rules-based global trading system at the World Trade Organization."
Boeing and Airbus are bidding on a proposed Air Force mid-air refueling jet, the KC-X. The payoff for American workers could come very soon.

UPDATE 10:30pm CST: A tipster let me know that Boeing has an entire page on its website dedicated to today's ruling.

Related posts:

Boeing tanker bid will mean more American jobs
Ideas to boost the economy: Buy American weapons and export American weapons
Lack of transparency in EADS tanker bid and a sleazy flashback
House overwhelmingly approves bill aimed at illegal EADS subsidies
Boeing raises national security issue regarding Air Force tanker proposal
Airbus tanker could weaken our military
British won't use Airbus tanker for Afghanistan, can't handle “high threat environments”
Airbus looks to rebid on Air Force tanker--as WTO scolds EU for illegal subsidies to it
Hot air from France on Air Force tanker deal

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