Abstract
The negotiation of the 1992 ‘Airbus Accord’ represents perhaps the most obvious instance of international cooperation within this study.1 Both the United States and the European Community modified long standing positions on the Airbus dispute to achieve agreement. The essential trade-off was the EC’s acceptance of limits on direct subsidy in exchange for the American acceptance of discipline on indirect subsidy. The 1992 agreement has not stopped angry words being exchanged between the trading partners, but it has formed the regime around which talks on further disputes can revolve.
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Notes
Ian McIntyre, Dogfight: the Transatlantic Battle Over Airbus, Westport CT: Praeger, 1992, p. 201 and The Economist, 3 Jan. 1987, p. 43.
Keith Hayward, International Collaboration in Civil Aerospace, London: France Pinter, 1986, p. 169.
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Airbus Industrie, Airbus Update, Blagnac: Airbus Industrie, July/August 1991, p. 3.
Congressional Research Service, Airbus: An Economic and Trade Perspective, Washington: USGPO, 1992, Table 6, p. 33.
Matthew Lynn, Birds of Prey: Boeing v Airbus, London: Heinemann, 1995, p. 178.
Pierre Muller, Airbus, L’Ambition Européenne, Logique d’Etat, Logique de Marché, Paris: Commisariat General du Plan, 1989, p. 161.
Laura D’Andrea Tyson, Who’s Bashing Whom? Trade Conflict in High-Technology Industries, Washington: Institute for International Economics, 1992, p. 205.
General Accounting Office, International Trade: Long-Term Viability of the US-European Union Aircraft Agreement Uncertain, Washington: USGPO, 1994, pp. 24–5.
Aerospace Daily, GATT: What It Is and What It Means to Aerospace, Washington DC: McGraw-Hill, 1994, p. 8.
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© 1997 Steven McGuire
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McGuire, S. (1997). Negotiating the 1992 Airbus Accord. In: Airbus Industrie. St Antony’s Series. Palgrave Macmillan, London. https://doi.org/10.1057/9780230372214_8
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DOI: https://doi.org/10.1057/9780230372214_8
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