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Countervailing Duty Petition Against Airbus Industries

Whereas, for the past year, the SPEEA Legislative and Public Affairs (L&PA) Committee has been conducting an intensive investigation into whether Airbus Industries is selling their commercial airplanes below fair market prices, due to the subsidies it receives from EU governments.

Whereas, SPEEA, acting on behalf of its members, does have legal standing to file a petition with the International Trade Administration (ITA) within the Department of Commerce and United States International Trade Commission (USITC) requesting relief under U.S. countervailing duty law.

Whereas, the L&PA Committee has gathered data from various sources, including: annual reports from Boeing and the European Aeronautic Defence and Space Company (EADS) which includes Airbus; statistical surveys conducted by the European Aerospace Industry (EAI); Boeing and Airbus websites; numerous press accounts; and informal discussions with industry representatives.

Whereas, the L&PA Committee's evaluation has determined there is sufficient data to support our belief that Airbus is selling aircraft into the U.S. market at 10 to 25 percent below cost (not including special leases or other financial arrangements), with the resultant negative impact of lost jobs in the American commercial aerospace workforce.

Whereas, the L&PA Committee has completed a draft of the petition requesting relief under U.S. countervailing duty law.

Whereas, the L&PA Committee has completed a position paper which recommends filing the petition.

MOTION:

It is moved that: THE SPEEA COUNCIL RECOMMENDS THE EXECUTIVE BOARD FILE A PETITION WITH THE FEDERAL GOVERNMENT TO INITIATE A COUNTERVAILING DUTY INVESTIGATION AGAINST AIRBUS INDUSTRIES.

Note : The above motion was passed on Aug 9th, 2001