National Association of Manufacturers (NAM) president John Engler issued a statement June 30 following the World Trade Organization’s (WTO) final ruling in the Airbus subsidies case:
“America’s manufacturers are pleased with the WTO panel’s ruling today that Airbus received illegal subsidies that put the U.S. aerospace industry at a disadvantage. This landmark ruling is a victory for the U.S. aerospace industry as well as other industrial sectors around the globe seeking fair and open competition free of government intervention. This ruling sends a clear message that manufacturers must abide by world trade rules. However, we are concerned that despite this decision, European governments are prepared to provide massive subsidies for companies seeking to launch new aircraft – a clear violation of the world trade system. It is important that the European Union adhere to this ruling and global trade rules to ensure a level playing field and fair competition."
The National Association of Manufacturers is the nation’s largest industrial trade association, representing manufacturers in every industrial sector and in all 50 states. Manufacturing has a presence in every single congressional district providing good, high-paying jobs. For more information, visit www.nam.org.