“It will always be in unity that we find strength”- the EU and China
enter into two agreements setting out a brighter future for the aviation
industry.
After years of
progress and intensifying cooperation, the European Union and China have finally
entered into two separate agreements with the scope
of boosting their growth, creating new jobs
and uniting its people, a theory which
truly complements the very foundation upon which the European Union was built. Given
the current positive trade relationship that already exists between the two
continents, such agreements will definately continue to generate more business,
foster innovation and allow passengers to profit from safer,
cleaner and cheaper flights.
The Bilateral Aviation Safety Agreement
(BASA) will:
support
worldwide trade in aircraft and related products.
remove
the unnecessary duplication of evaluation and certification activities for
aeronautical products by the civil aviation authorities.
reduce
costs for the aviation sector.
promote
cooperation between the EU and China towards a high level of civil aviation
safety and environmental compatibility.
allow
all EU airlines to fly to China from any EU Member State with a bilateral air
services agreement with China under which unused traffic rights are available.
bring
bilateral air services agreements between China and EU Member States into
conformity with EU law – a renewed legal certainty which will be beneficial to
airlines on both sides.
At this stage, both the European
Commission and the Chinese transport administration will now proceed with their
respective internal procedures to put the conclusion of the agreement in place
which is likely to see an economic surge of up to €3.5bn during the first 8
years of the agreement and approxtimately 11,000 new jobs by 2025.
Interesting Facts
The
EU is China’s largest trading partner, while China is the second largest
trading partner for the EU.
China has third largest
domestic aviation market in the world, with an expected growth of 7% annually
in the period 2015-2034.
The
traffic between the EU and China has doubled to 10 million passengers in 10
years (2008- 2017) with an annual growth rate of 6.7%.
In
air freight, China is the second most important extra-EU partner (US being the
1st) with 1.5 million tonnes, growing annually over 9% in the past 5 years.
In 2019 over 30 airlines are connecting EU to China offering a choice of 84 city pairs, 475 weekly return flights and over 270.000 weekly seats. Also over 110 weekly return freight flights ensure the flow of goods.
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