Regulation (EC) 847/2004 on the negotiation and implementation of air services agreements between Member States and third countries – It has been found that the nationality provisions contained in existing air services agreements violate the principle of freedom of establishment, recognising that the Commission has limited exclusive powers, a separate method of bilateral negotiations: revision of the amendments with 73 partner states, which constitute 340 bilateral agreements. Commission decision on the approval of standard inclusion clauses in bilateral air services agreements between Member States and third countries, jointly defined by the Commission and Member States. After approval by the U.S. Senate, the agreement is expected to enter into force on March 30, 2008. Despite other benefits, the agreement is expected to increase transatlantic passenger traffic by %34, generate up to $16 billion in economic benefits over five years and create a total of 80,000 jobs on both sides of the Atlantic, according to information published on 2 March by the European Commission. (2) In May 2019, the European Commission and China signed two agreements to develop mutual aviation standards (source: OBOR Europe): the pride of the Chinese aviation industry is the Commercial Aircraft Corporation of China, widely known as COMAC. COMAC is an OEM of aircraft that is trying to break the dominance of Boeing and Airbus, which are the main players in the global civil aviation market. COMACs C919 aircraft, which was introduced in 2015 and had its maiden flight on May 5, 2017, is expected to compete primarily with the Boeing 737 Max and The Airbus A320neo. The increased efficiency of licensing procedures for ETSO and CTSO products will improve the opportunities for European manufacturers to enter China. As a result of increased competition, this could generate economic benefits and stimulate innovation. China is already an important market for Airbus and many other European aviation service providers.
Currently, nearly a quarter of Airbus aircraft are in service in China. With the signing of BASA, European aerospace equipment manufacturers will strengthen their presence in the Chinese market in the future. – negotiating uniform “horizontal” agreements with the Commission on the mandate of EU Member States.