7-May-2010 9:30 AM

European Commission proposes opening market with Brazil

European Commission proposed (06-May-2010) to open negotiations on a comprehensive aviation agreement with Brazil in a bid to generate up to EUR460 million in consumer benefits a year with a potential for traffic growth estimated at 335,000 additional passengers in the first year. [more]

European Commission: "Brazil is a strategic partner of the European Union. I will recommend to EU transport ministers to open negotiations with Brazil as soon as possible aiming at market opening and high regulatory standards. I am convinced that this would create new opportunities for our industry. Passengers would benefit from greater choice and a high level of safety and security. It would promote trade and tourism between the EU and Brazil." Siim Kallas, Vice-President - Transport of the European Commission. Source: Company statement, 06-May-2010.