Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-11-13-Speech-2-385"

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"en.20071113.35.2-385"2
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"Madam President, as I take the floor on behalf of the Union for Europe of the Nations Group in the case before the World Trade Organisation regarding the complaint by Boeing against Airbus, I should like to draw attention to the fact that the bitter rivalry between the two economic and political power bases located on either side of the Atlantic has been ongoing for many years. I refer of course to the United States and to the European Union. It should not come as a surprise to anyone that the debate is moving into ever more modern areas of the economy. The aeronautical sector is an example of just such an area. It is in that sector that new materials are developed and tested, along with new technologies for manufacturing them, new building solutions and also new automation, measurement and communication systems. New techniques for accelerated testing of the devices developed and reliability assessments are being devised too. It stands to reason that the governments of individual countries and also the European Union should endeavour to support these areas of manufacture, in the hope that it might be possible to exploit the cutting edge solutions discovered across the economy as a whole. Since both parties to the dispute are therefore directly or indirectly providing financial support for their industries, there can only be one sensible outcome. The latter has to involve bilateral negotiations and establishing a gradual reduction of the subsidies provided to both parties. Cases dealt with through arbitration within the WTO framework can last for years and prove very costly. Indeed, in this instance the final settlement could threaten the very survival of both Boeing and Airbus."@en1

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