The world of no good

wanna have a fun life, travel, and see different cultures.

Tuesday, August 02, 2005

ooh-saa does it again

Boeing recently launched a complaint about the (financial) support that Airbus gets from the European countries - it is apparently illegal (i am not really sure to whom, but the guess is WTO, didn't bother 'checking up'.)

What is interesting is the ooh-saaa has a law called the Byrd Amendment which is basically an anti-free market law. Check it out for yourselves. The main promoter of free trade. yeah right!!

link:
http://en.wikipedia.org/wiki/Byrd_Amendment

2 Comments:

Blogger majanx said...

Good point you made there. Canada, EU have already imposed heavy duties on imports from the US, and Japan is following suit. This because US companies are still following the Byrd amendment which had been declared illigle by the WTO.
Also check:
http://news.bbc.co.uk/1/hi/business/4733953.stm
Free trade, my ass!!!

1:01 PM  
Blogger karthik durvasula said...

so, u think ooh-saa will repeal the law before Sept 1??

eeeehahahahah

1:08 PM  

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