Friday, March 11, 2005

Mandelson, Boeing & Airbus

The debate, much less heated now, rages on between the US and the EU over Boeing and Airbus. The crux of the argument has to do with subsidies, and it appears, accoridng to this article from Seattlepi.com that

" The United States and the European Union gave themselves until April 11 to agree on new subsidy definitions and avoid mutual arbitration at the World Trade Organization, which may have outlawed financial supports for both Boeing and Airbus"

Mandelson claims he wants to resolve the issue, (whilst he busily liberalises elsewhere--cf Ukraine...see below).

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