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The EU asks the WTO permission to apply trade penalties of $12B a year on U.S. goods and...

The EU asks the WTO permission to apply trade penalties of $12B a year on U.S. goods and services in retaliation for the latter's illegal subsidies to Boeing (BA). The U.S. had said it complied with Sunday's WTO deadline to withdraw $3B-$4B in unfair subsidies for the plane maker, but the EU - which isn't innocent of shoveling planeloads of cash in Airbus' direction - rejects the claim.
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  • thomas85225
    , contributor
    Comments (563) | Send Message
    Boeing forget the amount of subsidies its receiver from the tax pay and from its subcontractors
    Since the 787 is a risk sharing program
    NASA and other government agency all provide R& D data to Boeing at tax payer expense


    Airbus has how member on the import export bank board of board of directors ? None
    The Export-Import bank is staff by Boeing's James McNerney ( formally from GE) and General Electric's Jeffrey Immelt


    Japan's government provides loans estimated at up to $2 billion to the three Japanese partners that building barrel section and parts for Boeing commercial aircraft and Japan buy there commercial and military aircrafts airline from Boeing and many of the subcontractors supported and funded by the Japanese government
    Italy provides regional infrastructure support to Alenia. Italy buy 767 taker from Boeing
    In the U.S., South Carolina and Kansas provide financial incentives to Vought and Spirit Aero Systems, respectively.



    WTO panel that found Boeing had received more than $5 billion in prohibited U.S. subsidies to develop and build new planes.
    The Washington tax payer paid Boeing not to leave the state
    Chicago il paid Boeing 11 millions to have there headquarter
    Vought aircraft build the plant at Caroline with support of the south Caroline tax payer, later Vought aircraft won the bid for 2nd assembly line for 423 million with support of the south Caroline tax payer



    In the past decade, the export-import-bank- of the United States has provided more than $52 billion in loan guarantees to buy Boeing aircraft, Airlines for America says. Foreign airlines took delivery of 792 wide-body aircraft, compared with 189 for U.S. airlines, AFA says.


    The following is from USA today
    In a nut shell Boeing is selling passenger jet to airline of the world some with GE engines 60 % of Boeing commercial jet are outsource into 70 countries and 25 state mostly non union


    The Export-Import staff is from Boeing's James McNerney and General Electric's Jeffrey Immelt and other
    Steve Lott, a spokesman for AFA, The group argues that the bank finances loans to foreign carriers at favorable terms unavailable to domestic carriers, putting U.S. airlines at a competitive disadvantage .as stated by Airlines for America (AFA),
    AFA also recently sued to stop the bank from delivering $1.3 billion in loan guarantees to Air India to buy Boeing aircraft.
    (The USA is 15 trillion in debt and USA is borrowing money from China)


    Inside trading? Racketeering?, Monopoly? By Boeing and GE and the Export-Import staff?
    Under the original WTO laws Boeing would be prohibit in their actions
    Does everyone forget the amount of commercial aircrafts, military aircrafts, hardware ect that European buy from Boeing and other USA company!!!!!!!
    27 Sep 2012, 09:30 AM Reply Like
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