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EU to negotiate new air transport agreement with Brazil

18-Oct-2010 9:35 AM

European Commission announced (15-Oct-2010) it has been granted a mandate by European Union transport ministers to open negotiations on an "ambitious" air transport agreement with Brazil. Negotiations will aim at opening market access for airlines and achieving a high level of regulatory convergence in areas such as security, environmental aspects or consumer protection.  According to an economic impact assessment study, an agreement with Brazil could generate up to EUR460 million consumer benefits a year. The potential for traffic growth is estimated at 335,000 additional passengers in the first year. Negotiations with Brazil are due to start in the coming weeks. Brazil is by far the largest air transport market in South America with more than 4 million passengers carried in 2009 on flights between the EU and Brazil. [more]