US and Europe fail to agree on plane subsidies
Talks broke down between US and Europe officials over how to control the billions of subsidies each accuses the other of giving to its biggest civilian aircraft maker.
“Despite our best efforts, it is clear that the European Union is unwilling to eliminate launch-aid subsidies,” said Robert B. Zoellick, deputy secretary of state.
A spokesman in Washington said US officials no longer believe Europe wants to give up its subsidies to Airbus, which competes with Boeing for most of the world’s large commercial airplanes, according to The New York Times.
Anthony Gooch, a spokesman for the European Union, said the talks were continuing in good faith.
The two parties have issued a deadline of 11 April to reach an agreement.
Earlier this year, the US and the European Union were poised to file formal complaints against each other at the World Trade organization, which could still happen if no agreement is reached before the deadline.
The dispute stems from a 1992 agreement outlining how governments could support their airline industries. Talks to review that agreement also broke down last year.
Report by David Wilkening
David
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