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EU, UK envoys urge action to resolve fight with U.S. on aircraft subsidies

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WASHINGTON, Feb 8 (Reuters) - Envoys from Britain and theEuropean Union on Monday underscored their willingness tonegotiate with the new U.S. government to quickly resolve a16-year dispute over aircraft subsidies that has triggeredtariffs on both sides.

EU Ambassador Stavros Lambrinidis told a trade conferencethe dispute had gone on far too long, and China - which provided100% subsidies to its aircraft industry - could soon be floodingthe global market, which would pose a bigger threat.

He said reaching an agreement and removing tariffs now inplace on aircraft built by U.S. planemakers Boeing Co andEurope's Airbus, as well as a range of other goods,would provide a boost to markets and send a strong message toworkers in an industry that has been rocked by the COVID-19pandemic.(Reporting by Andrea ShalalEditing by Chris Reese)