Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-24-Speech-4-189-000"
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"en.20110324.22.4-189-000"2
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"Although far from perfect, the EU-US Air Transport Agreement marks a step forward, paving the way not only for future opportunities in terms of additional investment and market access, but also for measures providing increased safety and security. The air transport market has not been completely opened up by both sides as a result of the version of the Agreement reached through negotiation. However, it contains sufficient incentives to encourage reform. The US needs to change its domestic legislation to allow EU investors majority ownership of US airlines, generating reciprocal measures from the EU. The EU-US Joint Committee has received increased powers, which means that it will be able to enhance cooperation by promoting new initiatives. The new rules will reduce red tape, including through mutual recognition of each other’s regulatory decisions, and avoid the wasteful duplication of resources. The recognition of the importance of the social dimension and the responsibility given to the Joint Committee to monitor the social effects of the Agreement and develop appropriate responses as necessary are an innovation introduced in the second stage of the Agreement."@en1
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