Europe Whines About Subsidies But Keeps On Giving Them

WTO critical of NASA payments to Boeing: report, MarketWatch

"A ruling by the World Trade Organization over whether Boeing received unfair government support centers on payments made to the company by the Department of Defense and NASA. The WTO has ruled that the payments are subsidies and that they've led to an unfair competitive advantage for Boeing,... .The European Union is claiming Boeing received some $24 billion in tax breaks, research help and expert rebates from the federal and state level in the U.S., giving it an advantage over European aerospace rival Airbus, whose parent company is EADS"

Keith's note: I think it is rather funny that the EU would complain about such things given their own overt practices when it comes to government subsidies, preferences, etc.

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This page contains a single entry by Keith Cowing published on September 16, 2010 9:21 AM.

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