Archive - mars 27, 2005 - Article

Trade dispute pitting Boeing against Airbus

The Islamic Development Bank is strengthening its efforts to prepare the OIC member states for membership of the WTO.

The dollar plunge and records-high trade deficit has created an opening ofr those who object to US membership in the WTO.

The spat has outgrown the World Trade Organization, which did not yet exist when the United States and EU first addressed the charges of unfair trade practices in the aerospace industry back in 1992.

The Islamic Development Bank (IDB) is strengthening its efforts to prepare the Organization of the Islamic Conference (OIC) member states for membership of the World Trade Organization (WTO).

'I don't believe we can force American withdrawal, but once every five years we get to vote on it,' said Rep. Peter DeFazio, D-Ore. 'And I think we can have a very vigorous debate.'