Boeing Statement RE: Commerce Duty Determination on Bombardier Subsidies
September 26, 2017 - “The U.S. Department of Commerce today affirmed that Bombardier has taken massive illegal subsidies in violation of existing trade law. As a result of this finding, Commerce announced a preliminary determination of a countervailing duty of 219.63% that will be imposed on each Bombardier C-Series aircraft imported into the United States. Subsidies enabled Bombardier to dump its product into the U.S. market, harming aerospace workers in the United States and throughout Boeing’s global supply chain. Early next month, Commerce is expected to confirm the magnitude of the illegal dumping and announce additional duties associated with that finding.
“Global trade works only if everyone plays by the rules that we’ve all endorsed to ensure fair competition, as adjudicated by independent national and international bodies. This dispute has nothing to do with limiting innovation or competition, which we welcome. Rather, it has everything to do with maintaining a level playing field and ensuring that aerospace companies abide by trade agreements.
“The process that will continue to play out over the next several months at the International Trade Commission and Commerce is the longstanding, transparent course for examining and addressing situations where products are ‘dumped’ into the United States at below-cost prices for the purposes of gaining market share. We have full confidence that this will continue to be a fair and fact-based investigation, and we look forward to its conclusion early next year.”
Boeing in Canada: “Boeing has a proven and enduring commitment to Canada. We’ve been doing business in Canada since 1919 and contribute approximately $4 billion (Canadian) annually to Canada’s economic growth and development. We employ about 2,000 people in Canada and support an additional 15,500 jobs through our supplier network of more than 560 Canadian companies operating coast to coast. We value Canada as a customer and supplier-partner for both our commercial and defense businesses. Boeing contributes nearly 14% of the total economic impact driven by the Canadian aerospace industry, and our spending in Canada is growing at around 8% every year, ahead of both the Canadian economy generally and Canadian aerospace industry in particular.”
Boeing in the UK: “Boeing and the UK will celebrate 80 years of partnership in 2018. The company has doubled its direct employment in the UK since 2011 and tripled its spending with more than 250 companies in the UK supply chain over the same period, to £2.1 billion in 2016. More than 18,700 jobs in the UK are at Boeing or in the company’s tier one supply chain. Earlier this month Boeing broke ground for its first factory in Europe, in Sheffield. We are pleased to work with our partners, including the British Government, and provide such a vote of confidence in the UK.”