Monday, September 18, 2017

Sputnik International — The Boeing-Bombardier Feud

Boeing claims huge Canadian government subsidies allowed them to sell a new fleet of planes at substantially less than the market price.
​But David Collins, a professor of international economic law at City University of London, said the case smacked of "double standards."
"It's a bit rich of the United States to say that Canada is subsidizing Bombardier, because the US has been doing the same for Boeing for years," Professor Collins told Sputnik.
"Lots of industries are subsidized. The convention is that everybody is doing it and you just turn a blind eye to it. Now there is a worry that this could escalate," he added....

5 comments:

Ralph Musgrave said...

The basic cause of all this is that there are lots of people in high places suffering from toys-for-boys-itis.

This is a serious disease which costs the taxpayer dearly and there is no known cure.

Ryan Harris said...
This comment has been removed by the author.
Noah Way said...

Cry me a river, you hypocritical wankers.

WTO rules Boeing's state subsidies illegal

http://www.bbc.com/news/business-38131611

Tom Hickey said...

Wow. This is big! I am updating the post.

Tom Hickey said...

Oops. Spoke too soon on checking.

WTO reversed its prior decision in favor of Boeing.

http://money.cnn.com/2017/09/04/news/wto-boeing-reversal/index.html