ARLINGTON, Va., Dec. 9, 2011 /PRNewswire via COMTEX/ -- The Aerospace Industries Association of America affirms its support for the Office of the U.S. Trade Representative request for consultations on the December 1 World Trade Organization compliance report on eliminating aircraft subsidies contrary to World Trade Organization rules. This process should result in the ending of non-compliant launch aid for aircraft production--loans provided by European governments that substantially reduce the business risk of introducing new-model airplanes.
AIA is a long-standing defender of global, rules-based trade and supports the WTO as an arbiter of international trade disputes. The United States, Europe and many other countries have an unquestioned reliance on trade to sustain growth and extend the promise of innovation across borders and among industrial and developing economies.
At the end of the day, it is critical for WTO member countries developing, or considering developing, civil aviation products to operate according to free and fair trade principles for the health, stability and growth of our industry.
Founded in 1919 shortly after the birth of flight, the Aerospace Industries Association is the most authoritative and influential trade association representing the nation's leading manufacturers and suppliers of civil, military and business aircraft, helicopters, unmanned aircraft systems, space systems, aircraft engines, homeland and cybersecurity systems, materiel and related components, equipment services and information technology.
SOURCE Aerospace Industries Association