Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-07-07-Speech-1-110"
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"en.20080707.17.1-110"2
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"Madam President, Euro-Atlantic economic relations are exceptionally important to both sides. Any commercial disputes should be settled by seeking transparent, balanced solutions.
In this case, the desired objective is to secure a fair hearing for both sides, and a balanced approach to state aid for the aircraft industry. This financial aid is particularly important for promoting research, innovation and environmental management, and for improving the safety and efficiency of air transport.
The unilateral withdrawal of the United States from the bilateral agreement of 1992 is cause for concern, since European state aid is fully in accordance with the letter and spirit of that agreement.
The European side is justified in considering the financial resources invested in Airbus to be limited in extent, returnable and without competitive impact, in contrast with the prohibited and actionable non-returnable US subsidies.
As you know, the Union has made substantial efforts to achieve a bona fide settlement of the matter on the basis of negotiation. However, it has not yet met with a response. The European Commission is therefore called upon to maintain a robust negotiating stance for a long-term settlement of the matter, under terms of legitimate, balanced competition.
The US demand for an end to subsidies to Airbus, as a condition for holding negotiations, falls outside an acceptable framework for settling the dispute."@en1
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