The new kerala link was broken, but the picture link to fin-facts works.. apparently we w
http://www.finfacts.com/irelandbusinessnews/publish/article_10001279.shtmlUS: Deadline over Airbus-Boeing missed
New Kerala - 4 hours ago
World News, WASHINGTON: The United States said Friday that agreement with the European Union over large civil aircraft subsidies would not be concluded before the April deadline. "The US regrets that it has ...
US warns EU on new Airbus loans and subsidies
By Finfacts Team
Apr 8, 2005, 23:34
Following the angry reaction of US Deputy Secretary of State Robert Zoellick, in Brussels on Tuesday, to what he called EU Trade Commissioner Peter Mandelson's "spin" on the Airbus-Boeing subsidies dispute, Richard Mills a spokesperson for the Office of the US Trade Representative, issued a warning to the European Union today that the US will refer the issue to the World Trade Organization (WTO) if the European Union approve new government loans for aircraft maker Airbus .
"On January 11, the U.S. agreed with the EU to try to reach a comprehensive agreement to end subsidies for the production and development of large civil aircraft in the European Union and the United States," Mills said. "We set ourselves a target of 90 days to complete the negotiations, and agreed that there would be no new subsidies and no WTO dispute settlement proceedings during that time," he added and went on to say that:
"The US regrets that it has not been possible to conclude such an agreement. The United States continues to believe that such an agreement would be a useful solution to this important issue, and remains prepared to negotiate on the basis of the January 11 agreement, including the 'standstill' on subsidies.