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The
Unfair European Union Subsidies Ending will make Rober Portman addressed that "President Bush has provided the world with great leadership on global economic issues, and Bob Zoellick’s skill and diplomacy were instrumental in successfully implementing the President’s trade agenda that has contributed to our economic success. Portman served as the Chairman of the House Republican Leadership and was the liaison between the House Leadership and the White House. He was also a prolific legislator known for reaching across the aisle to achieve results. As a Member of the House Ways and Means Committee, and its Subcommittee on Trade, he has been involved with trade issues and legislation for years.(6) USTR Portman to Attend Key Trade Meetings in Paris May 2-4 Informal WTO Meetings to Try to Re-Energize Lagging Doha Trade Talks in Paris on May 2 - 4, 2005 to work to advance ongoing World Trade Organization (WTO) negotiations preparatory phase before the WTO Ministerial in Hong Kong in December. (1) Per STATEMENT BY THE PRESS SECRETARY: The annual U.S.-EU Summit will take place in Washington, D.C. President Bush will host the Summit on June 20, 2005. The United States and the European Union have an important and expanding agenda of global cooperation. The President looks forward to this opportunity to discuss our transatlantic agenda with European Council President Jean-Claude Juncker and European Commission President Jose Manuel Barroso. (9) The Sixth WTO Ministerial Conference will be held in Hong Kong, China from 13 to 18 December 2005. The Ministerial Conference is the top most body of the WTO under the governance structure set up by the “Agreement establishing the WTO”. The Ministerial Conference can take decisions on all matters under any of the multilateral trade agreements.(8) In the mean time, EU leaders will have the 14th Summit between the European Union (EU) and Japan in Luxembourg on 2 May 2005 with Japanese Prime Minister Junichiro Koizumi. (2) This will be the first summit meeting with Japan's Prime Minister Koizumi for EU President Barroso. The United States and Europe share a trillion dollar economic relationship, and have worked closely on many trade fronts in recent years, most importantly on mutual efforts to advance trade liberalization efforts in the Doha negotiations. Both parties recognize the appropriateness of using the WTO process to resolve trade disputes. (5) WTO is the biggest World Trade Organization. The EU should committed to the WTO's bilateral agreements. (3) (10) Transatlantic Economic Partnership formed in May 1998 for the main structure of bilateral relations. However, EU continues to pursue for a long time Airbus subsidies and unfair global marketing. The Boeing Company has been put up too long with EU's Government LOAN subsidies. It is clearly shows in Chapter 5 that The European Investment Bank Article 267 (ex Article 198e) The task of the European Investment Bank shall be to contribute, by having recourse to the capital market and utilizing its own resources, to the balanced and steady development of the common market in the interest of the Community. For this purpose the Bank shall, operating on a non-profit-making basis, grant LOANS and give guarantees which facilitate the financing in all sectors of the economy. (4) It has been
distorted Global market and
the world market was completely down since EU subsidies was started
and was not harmonized the global market, in spite of 9.11 incident.
It has been hurting US Economic and other industries around
the world include Boeing Company and
lay off more than 35,000 people and ripple
action started around the world regardless what
it is shown from the "Article 132 (ex Article 112) Without
prejudice to obligations undertaken by them within the framework
of other international organization, Member States shall progressively
harmonize the systems whereby they grant aid for exports to third
countries, to the extent necessary to ensure
that competition between undertakings of the Community
is not distorted." (4) Unfair subsidies for Loan
to Airbus does not only creating global market grows, but also it
is distoring the market value. It is not harmonizing the global
market for around the world and UNFAIR TO THE BOEING COMPANY. EU must committed to a politically and economically significant cooperation to WTO and be it on bilateral and under any of the multilateral trade agreements. EU SHOULD stop THE LONG TIME UNFAIR EU subsidies for Airbus REGARDLESS IF IT IS NON PROFIT MAKING BASIS LOAN which causes the biggest problem to make balance the global market around the world. (Stop and think with global level production). Hope
and pray that EU would
discuss this critical issue and
cooperate
and Stop EU subsidies for a long time unfair subsidies and harmonize
the worldwide global market and be fair to
the Boeing Company during OECD Meeting and WTO Mini-Ministerial
in Paris on May 2 - 4, 2005. References: (1) Retrieved
in April 30, 2005 (2) Retrieved in April 30, 2005 http://europa.eu.int/comm/external_relations/japan/summit_05_05/index.htm (3) Retrieved in April 30, 2005 (4) Retreived in April 30, 2005 http://europa.eu.int/eur-lex/lex/en/treaties/dat/11997M/htm/11997M.html#0145010077
(8)
Retrieved in April 30, 2005 (10) Retrieved
in April 30, 2005 http://www.wto.org/english/tratop_e/dda_e/implem_explained_e.htm
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