“Bombardier launched a product, the C Series, that has sold poorly in the marketplace. In need of a big-name sale in the United States, it offered ‘planes at absurdly low prices, millions lower than in its home market. This is a classic case of dumping and it was made possible by a major injection of public funds. This violation of global trade law is the only issue at stake at the US International Trade Commission - one sale in the US at a price millions lower than Bombardier is charging in the Canadian market.
“No-one is saying Bombardier cannot sell its aircraft anywhere in the world. But sales must be according to globally-accepted trade law, not violating those rules seeking to boost flatlining business artificially.
Another competitor of Bombardier, not Boeing, agrees and has launched a case at the World Trade Organisation on this same issue. Accusations that Boeing receives billions in subsidies are not just false but have been proved to be so by WTO rulings.
“Boeing values its 80-year partnership with the UK. We have doubled our own direct employment in this country since 2011 and have tripled direct spending with the UK supply chain over the same period, to more than £2 billion in 2016. Indeed, just last week Boeing broke ground for its first factory in Europe, in Sheffield. We are pleased to work with the government and provide such a vote of confidence in the UK.
“We all have a duty to ensure that global trade rules are respected around the world to deliver long-term benefits to all in the aerospace sector, which employs around 100,000 people in the UK. More than 16,500 of these employees work in Boeing’s direct UK supply chain and we are proud to work with them. We all have a shared interest in a level playing field. That is what this dispute is about.”