The leading US carriers say the subsidies allow the Gulf carriers to offer belowmarket fares, which could cost American jobs. Some consumer advocates disagree and say the competition would lead to lower fares generally. In a statement yesterday, Emirates said it has full approval and Sunday’s flight is scheduled to operate. Emirates and other state-owned carriers deny accusations they focus on stripping market share and driving out competition. meeting and helped trigger a lira slide of more than 1 percent against the dollar. The bank has taken unorthodox tightening steps to stem rising inflation and defend the lira after a slide at the start of 2017, but has not raised its policy rate since last November. Its next rate-setting meeting is on March 16.
Turkey has launched a complaint at the World Trade Organization to challenge US anti-subsidy duties on Turkish pipe and tube products, the WTO said yesterday. The products include oil country tubular goods, welded line pipe, heavy walled rectangular welded carbon steel pipes and tubes and circular welded carbon steel pipes and tubes, a WTO statement said. Under WTO rules, the US has 60 days to settle the dispute. After that period Turkey could ask the WTO to adjudicate.