Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-11-13-Speech-2-387"
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"en.20071113.35.2-387"2
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"Madam President, the dispute between Boeing and Airbus brings to light a major difference in commercial policy and has grave economic implications. Let us, however, not overdramatise the situation. The dispute is in any case a far cry from the bilateral commercial battles of the past. What makes it problematic, ladies and gentlemen, is that it arose after the United States had unilaterally taken away the bilateral contractual framework. This, in turn, provoked a justifiable outcry from the EU about the subsidies of the United States, which was reneging on WTO rules. Regardless of the validity of the arguments on either side, it is true that the realignment of market shares in favour of Airbus and the consequent loss of Boeing’s competitive advantage were highly politicised. This caused a defensive knee-jerk reaction from the US administration, which turned to the WTO dispute settlement mechanism.
The EU has rightly sought an agreed solution to prevent the dispute from escalating beyond the limits of negotiation. However, there has been no response. I hope there will be, as the gravity of the dispute and its intense politicisation will undoubtedly put the jurisdictional robustness of the WTO system to the test. In that case, the settlement of the dispute could well be expected to further strengthen the credibility and international leadership qualities of the WTO, which does more than simply balance powers and weigh up interests.
The outcome of the case is expected to have wider repercussions on the economies of the two partners, affecting terms of employment, trade balance and technological development. We have high hopes of a settlement to this dispute."@en1
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