Boeing Statement Regarding WTO’s Final Decision on Airbus Subsidies

CHICAGO, March 22 /PRNewswire-FirstCall/ — Boeing (NYSE: BA) today issued
the following statement from Ted Austell, vice president, Executive,
Legislative and Regulatory Affairs, regarding the anticipated final WTO
decision in the U.S. case against European government subsidies to Airbus.
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“We look forward to the WTO’s final decision, which reportedly will be
transmitted to the parties tomorrow, March 23. After years of charges and
counter-charges, an independent panel that has worked tirelessly to
understand all of the facts in this dispute will render its final judgment.
It is an important decision that not only affects the hundreds of thousands
of U.S. aerospace workers who’ve had to compete with an illegally subsidized
Airbus, but one that will set an important precedent for the broader, global
aerospace industry.

“On the eve of such an important decision, it is unfortunate and
disappointing to see news reports quoting a senior German official saying
that Germany is prepared to provide 1.1 billion Euros for the development of
the Airbus A350 – a move that flies in the face of both the expected WTO
decision and the rules-based global trading system we’ve all endorsed. It
also is curious, although not unexpected, to see reports of Airbus calling
for a negotiated settlement only 24 hours before a WTO ruling that both
parties expect to uphold all of the major U.S. claims. As U.S. officials have
repeatedly made clear, there’s a place for negotiations, but not on programs
and actions declared inconsistent with WTO obligations. Illegal European
subsidies have done great harm to the U.S. aerospace industry. It’s time to
level the playing field and let companies compete on product, price,
innovation, and customer support without market-distorting government

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