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1 EU And Brazil To Open Aviation Talks USERNAME: PASSWORD: Page 1 of 5 RETRIEVE A LOST PASSWORD CREATE A PROFILE Login TAX-NEWS.COM NETWORK SITES: LOWTAX Wednesday, May 12, 2010 CONTACT RECRUITMENT ABOUT LEGAL LINKS TAXLAWANDTAXUSTAXNETWORK INVESTORSOFFSHORE NEWS NEWS PBTG OFFSHORELOWTAXLIBRARY E-COM Front Page The Last Five Days Offshore Investment Jurisdictions EU And Brazil To Open Aviation Talks, by Ulrika Political/Economic Lomas, Tax-News.com, Brussels Last d 17 minutes ago Wednesday, May 12, 2010 Offshore Tax E-Commerce Offshore Legal Aviation Marine Resources Search Tax-News Archive Jurisdiction News Pages Anguilla Andorra Aruba Australia Bahamas Barbados Belize Bermuda British Virgin Canada Cayman Cook Costa Rica Cyprus Dubai Gibraltar Grenada Guernsey Hong Kong Ireland Isle of Man Jersey Labuan Liechtenstein Luxembourg Madeira Malta Mauritius Monaco Netherlands Antilles Panama Seychelles South Africa St. Kitts & Nevis St Vincent & The Grenadines The European Commission is to open negotiations on a comprehensive aviation agreement with the largest air transport market in South America, Brazil. According to an economic impact assessment study, an agreement with Brazil could generate up to EUR460m (USD595) in consumer benefits a year, and would increase passenger traffic between Brazil and the European Union (EU) by 8.4% in the first year, equal to around 335,000 passengers. Negotiations would aim at opening market access for airlines and achieving a high level of regulatory convergence, the Commission said. Noting the benefits of such an agreement, European Commission Vice-President Siim Kallas, stated: "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 [the aviation] 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." Earlier this year the Brazilian government expressed strong interest in air transport negotiations with the EU in order to remove barriers for air traffic growth. The timing is of particular relevance when considering the FIFA World Cup in 2014 and the Olympic Games in European airports also explicitly asked the EU institutions to open in 2010 air transport negotiations with Brazil and other strategic markets in order to facilitate the industry's recovery after the crisis. In order for negotiations to begin, EU transport ministers must first endorse the move. The EU already has air transport agreements in effect with the United States, Canada, Morocco and the Western Balkan countries. In recent weeks, the Commission has successfully finalized air transport negotiations with Jordan, Georgia and a second-stage agreement with the United States. THE LOWTAX LIBRARY One of the web's largest and most authoritative business and investment information sources. Alongside topical, daily news on worldwide tax developments, you can receive weekly newswires or access up-to-date intelligence reports on a range of legal, tax and investment subjects. FREE TRIAL NEWS SUBSCRIPTION Our 16 constantly d intelligence reports cover every important aspect of 'offshore' and international taxplanning in depth, including banking secrecy, the EU's savings tax directive, offshore funds, ecommerce, offshore gaming and transfer pricing. Reports are available for immediate downloading or as subscription services with news pages.. Advertising & Marketing With over 50,000 qualified readers every month our web-sites offer a number of cost effective, targeted advertising, sponsorship and marketing

2 EU And Brazil To Open Aviation Talks Switzerland Turks & Caicos UK USA Vanuatu Page 2 of 5 opportunities: Display advertising from 'skyscrapers' to 'buttons' Content/article submission and sponsorship Opt-in marketing On-line Services Directory listings Newsletter To receive monthly s on new features in lowtax.net and taxnews.com just enter your address below: Click here to learn more or contact Peter Wiggins on or him at peter@lowtax.net News & Content Solutions Submit Daily Tax Quote It used to be that death and taxes alone were inevitable. Now there's shipping and handling. Bert Murray New On The Lowtax Network Today This feed is published daily with selected new or d content from across the Lowtax Network. For a list of Lowtax Network sites, many of which feature daily news, see below. Could your corporate web-site or newsletter benefit from incorporating regularly d news and content tailored to serve your clients' interests? We can provide a variety of maintenance-free news and content solutions that can be seamlessly integrated and dynamically delivered: Customised, personalised 'ownbrand' news services Newsletter content and management News Headlines Tickers Click here to learn more or contact Peter Wiggins on or him at peter@lowtax.net 12/05 New PBTG Editor Column, Caroline, PBTG editor 11/05 Bulgaria, added to 10/05 Lowtax Isle of Man, annual 07/05 Czech Free Tax-News Feed Click here for a brief introduction to RSS and instructions on

3 Page 3 of 5 Republic Summary PBTG, added to Personal Business Tax 06/05 New Lowtax Editor Column, by Kitty Miv 04/05 Australia Announces Major Tax Reforms, Tax- News.com 30/04 House Prices: What Next?, 27/04 Switerland's Merz Rejects Bank Tax, Tax-News.com 26/04 Lowtax Spain, major content expansion 23/04 Germany Considers Split Tax Reform, Tax- News.com 21/04 Lowtax Ireland, annual 20/04 Lowtax Singapore, major 19/04 Shall We Take A Glass Together?, Penelope Wise blog entry 16/04 Switzerland Personal Business Tax 2010 PDF, now available in the PBTG shop 15/04 Panama: Not Just A Pretty Canal!, Investors Offshore special feature 13/04 Individual Business Briefing Archive, added to how to get the Tax- News feed. 12/04 Switzerland Full PBTG, added to Personal Business Tax 09/04 Lowtax Gibraltar, annual 06/04 Tax-News Archive 2010, annual news archive compiled 02/04 Poland, added to 01/04 Alternative Investment: Non- Financial Alternative Investments, 30/03 Lowtax Barbados, annual 29/03 Get Back In Your Box, Government,

4 Page 4 of 5 Jeremy Hetherington- Gore 26/03 Romania, added to 22/03 Lowtax UK, major content expansion 19/03 Lowtax Austria, major 17/03 IO Focus: Hong Kong, 16/03 Hungary, added to 15/03 Lowtax South Africa, major 03/03 Personal Business Tax, PBTG, has launched! Providing essential tax news and information for globally mobile artists, contractors, entrepreneurs, professionals, small businesses, sportspersons and entertainers. Lowtax Network Sites Lowtax Portal: 'Low-tax' business and investment in the top 50 jurisdictions covered in exceptional detail. Tax News: Global tax news, continuously d through the day. : The independent offshore and alternative investment guide for expatriates and the globally aware investor. Law & Tax News: Daily news and background data on tax and legal developments for international business. Offshore-e-com: A topical guide to offshore e-commerce focused on tax and

5 Page 5 of 5 regulation. Lowtax Library: One of the web's largest and most authoritative business and investment information sources. US Tax Network: The resource for free online US taxation information, covering: corporate tax, individual tax, international tax, expatriates, sales and e-commerce tax, investment tax. NEW! Personal Business Tax : Providing essential tax news and information on business for contractors, entrepreneurs, professionals, small businesses, artists, sportspersons and entertainers. IMPORTANT NOTICE: THE LOWTAX NETWORK has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments. All materials on this site copyright THE LOWTAX NETWORK 1999 to Contact us for further information.

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