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US News Boeing - Airbus conflict: UK gets US tax lifted, Boris Johnson hails "fantastic news"

16:50  04 march  2021
16:50  04 march  2021 Source:   pressfrom.com

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Conflit Boeing - Airbus : le Royaume-Uni obtient la levée des taxes des Etats-Unis, Boris Johnson salue © Andrew Parsons / i-Images / Flickr Boeing - Airbus conflict: UK gets the lifting of taxes from the United States, Boris Johnson welcomes "fantastic news" The London-Washington agreement linked to the Boeing - Airbus dispute is "fantastic news" for UK companies, Judge Boris Johnson. Whiskey, cashmere, cheese ... Customs duties of 25% on many products have been abolished.

Good news for the UK. London has signed an agreement with the United States to end customs duties introduced in connection with the dispute between Airbus and Boeing. British Prime Minister Boris Johnson hailed "fantastic news", underlining the deal's positive impact on British businesses. The deal was announced on Twitter by UK Foreign Trade Minister Liz Truss.

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This agreement removes customs duties of 25% on Scotch whiskey, those on cashmere and other products and provides for a "de-escalation" in the dispute between the two airline manufacturers. "From Scottish whiskey distilleries to Stilton cheese producers, the US decision to suspend tariffs on certain UK exports will benefit UK businesses across the UK," Boris Johnson said on Twitter.

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The European aircraft manufacturer Airbus and its American competitor Boeing, and through them the European Union - including the United Kingdom was part then - and the United States, clash since October 2004 before the WTO on the public aid paid to the two groups, considered illegal. It is the longest and most complicated trade dispute dealt with by the WTO. The United States was authorized in October 2019 to impose taxes on nearly 7.5 billion dollars (6.8 billion euros) of European goods and services imported each year, the heaviest sanction ever imposed by the United States. 'WTO. Washington has since imposed certain products imported from the European Union up to 25%, 15% for Airbus planes.

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This announcement thus concretizes the wish expressed by London to find an agreement in this affair, after the failure of the British government to come to an agreement with the Trump administration. The United Kingdom already made a gesture in December by announcing the abandonment of tariffs imposed on American products in the context of the dispute between Airbus and Boeing, hoping to obtain reciprocity. This decision was to apply from January 1, once the country had left the single European market and the customs union.

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The United Kingdom then dissociated itself from the European Union in this file, since the American customs duties are impose on European products. After Brexit, the country hopes to conclude a broad trade agreement with the United States and, after having considered a time to conclude in 2020, London is now more cautious. The new president Joe Biden had cooled the expectations of the United Kingdom at the beginning of December by telling the New York Times that it does not want to conclude a new trade agreement with anyone in the short term, in order to prioritize the American economy.

London wants to take advantage of Brexit to negotiate trade agreements around the world. It snatched before Christmas an agreement with the EU, by far its main trading partner. Previously, the UK had already announced a trade treaty with Japan and reproduced with many pa bilateral partners of the agreements from which it benefited as an EU Member State.

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