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 2016. 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
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