Air Transport Agreement: EU – US
The air transport agreement between the European Union and the United States has been in place since 2007. It is a landmark agreement that allows airlines from both sides to operate flights between any point in the EU and the US. The agreement has several benefits for both sides, including increased competition, lower fares, and better access to markets.
One of the main benefits of the agreement is increased competition. Before the agreement, only a few airlines were allowed to operate flights between the US and the EU. This led to higher fares and limited choices for travelers. However, with the agreement in place, more airlines have been able to enter the market, leading to lower fares and more options for travelers.
Another benefit of the agreement is better access to markets. Airlines from both sides can now operate flights to any point in the EU or the US, regardless of their home country. This has opened up new routes and markets for airlines, allowing them to expand their operations and reach new customers.
The agreement also includes important provisions on safety and security. Airlines from both sides must adhere to strict safety and security standards, ensuring that passengers and crew are safe during their flights. This has helped to improve the overall safety record of the aviation industry and instill confidence in travelers.
In addition, the agreement includes provisions on environmental protection. Airlines are required to reduce their emissions and contribute to the fight against climate change. This has helped to reduce the environmental impact of aviation and promote sustainable growth in the industry.
Overall, the air transport agreement between the EU and the US has brought significant benefits to both sides. It has increased competition, lowered fares, and improved access to markets, while also promoting safety, security, and environmental protection. As the aviation industry continues to grow and evolve, this agreement will play an important role in shaping its future.