September 28, 2017 / 10:24 AM / a year ago

Refer Boeing-Bombardier case to World Trade Organization, say UK opposition Labour

LONDON (Reuters) - Britain’s opposition Labour Party said a trade dispute between U.S. planemaker Boeing and its Canadian rival Bombardier should be referred to the World Trade Organization.

FILE PHOTO - A combination photo of a Boeing 737 MAX Before the opening of the 52nd Paris Air Show at Le Bourget airport near Paris, France, June 16, 2017, and shareholders line up to view Bombardier's CS300 aircraft following their annual general meeting in Mirabel, Quebec, Canada April 29, 2016. REUTERS/Pascal Rossignol/Christinne Muschi/File Photo

Prime Minister Theresa May said that Boeing (BA.N) was undermining its relationship with Britain by its behavior in a dispute with Canadian rival Bombardier (BBDb.TO) that has put 4,200 jobs at risk in Northern Ireland.

“Instead of putting ourselves in the wrong by threatening to victimize Boeing - an empty threat given that thousands of jobs in the UK rely on the aerospace sector - the UK as one of the founders of the World Trade Organization, should refer the case to the WTO dispute settlement procedure,” said Barry Gardiner, Labour’s international trade policy chief.

Britain is already involved in the world’s largest trade dispute, involving mutual claims of illegal aircraft subsidies between Europe and the United States. The case has led to years of argument over development loans given to aircraft manufacturers such as Bombardier.

Reporting by William James; editing by Guy Faulconbridge/Tim Hepher

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