EU Needs STOP EXCUSING 7E7 JETLINER IN THE SEATTLE AREA

EU Needs STOP EXCUSING 7E7 JETLINER IN THE SEATTLE AREA

According to seattlepi.nwsource.com, October 7, 2004: The U.S. complaint alleges European governments systematically flouted a 1992 agreement that allowed them to underwrite one-third of the cost of developing new Airbus aircraft. In all, the complaint estimates that Airbus received more than $15 billion in government loans since 1967.

How about The European Union and the United States agreed in 1992 to fix subsidy ceilings for Boeing and Airbus? EU subsidies do not make any sense for the bilateral accord. Again using tactic way to dominating the global marketing is not make any fair to the Boeing Company and other industries.....

Yet, EU complains the $3 billion package of tax breaks Washington State offered Boeing to persuade it to build its new 7E7 jetliner in the Seattle area. (3)

In 2003, the state approved a $3.2 billion package of tax breaks and other incentives to help persuade Boeing to build its 787 Dreamliner in Everett. Boeing was considering an assembly site in the South. In approving the incentive package, state lawmakers hoped key Boeing suppliers would follow the 787 to Everett.(8)

Washington offersTHE BEST TRAINING CENTER TO REFORMS, and work forces for unemployment and workers' compensation systems. Here is a good example: the Boeing Company's Learning Together Program is a great program for 100 % tuition pay program for employees. (2)

EU can not excuse the world best 7E7 jetliner in the Seattle area and comparing with over 30 years of Government subsidies. THE WASHINGTON STATES SUPPORTS UNEMPLOYMENT FOR WORK FORCES REFORM AND LEARNING TOGETHER PROGRAMS IN WASHINGTON STATE. IT IS WASHINGTON STATE'S PRIDE AND WASHINGTON STATE SHOULD CONTINUE TO SUPPORT FOR THIS GOOD REASON FOR THE WASHINGTON STATE AND FOR HIGHER EDUCATION. (2)

According to Fact Sheet: U.S.-EU Summit: Continuing Our Cooperation to Expand Transatlantic Trade by

Bush Administration. “Office of the Press Secretary” June 24, 2004: Open trade is not just an economic opportunity, it is a moral imperative. Trade creates jobs for the unemployed. When we negotiate for open markets, we are providing new hope for the world's poor." (1)

President George W. Bush( in May 7, 2001) pursued The

United States

and the European Union share the largest bilateral trade and investment relationship in the world, accounting for over $1.5 trillion. In order to ensure that this critically important economic relationship continues to thrive, President Bush and his EU counterparts established in 2002 the "Positive Economic Agenda" to advance bilateral cooperation to reduce trade frictions and foster expanded transatlantic commerce. (1)

President Bush and his EU counterparts welcomed a joint report from

and EU officials participating in the Financial Markets Regulatory Dialogue during Financial Markets Regulatory Dialogue. The report describes the ongoing collaboration of

and EU policy and regulatory officials on corporate governance and financial market regulation. The Dialogue, launched in 2002, provides a forum for discussing bilateral financial and regulatory issues, with a view to fostering an efficient and transparent transatlantic capital market. The Dialogue has, in particular, provided a useful vehicle for ensuring that European legislation not impede

participation in European capital markets (1)

It is too long and need stop 35 years of Europeans justified subsidies to Airbus as necessary to support an 'infant' industry. US Trade Representative Robert Zoellick filed the complaint.(3)

The United States and EU agreed in 1992 on a deal which limited subsidies to 33 percent of the production costs for new models.

Boeing President and Chief Executive Officer Harry Stonecipher mentioned that "It is clear that the 1992 agreement does not reflect current market realities and has outlived its usefulness,” and “Boeing shares the government's view that EU subsidies to Airbus—now a successful and profitable company—must cease. We remain determined to ensure that competition in the large commercial aircraft market is undistorted by such subsidies,”.
(4)

EU is The European Union or EU is an international organization of 25 European states, established with that name by the Treaty on European Union (commonly known as the Maastricht treaty) in 1992 but many aspects of it existing since the 1950s. Its headquarters are in Brussels. (5)

The Maastricht treaty (formally, the Treaty of the European Union) was signed on 7 February 1992 between the members of the European Community and entered into force on 1 November 1993. It led to the creation of the European Union and was the result of separate negotiations on monetary union and on political union.(6)

According to PROTOCOL on the transition to the third stage of Economic and Monetary Union Declare the irreversible character of the Community's movement to the third stage of Economic and Monetary Union by signing the new Treaty provisions on Economic and Monetary Union.(7)

To conclude,the global market should be harmonized the world by the fair marketing. The World Best Boeing's new 7E7 Dreamliner should stays with the world global marketing fairness. It is positive to see, Bush Administration made very clear about bilateral financial and regulatory issues from Joint report from US and EU for Financial Markets Regulation in 2002. The fact shows, it is indeed need serious talk EU to stop EU subsidies.