After 16 years of litigation at the World Trade Organisation (WTO), Airbus has agreed with the governments of France and Spain to make amendments to the A350 Repayable Launch Investment (RLI) contracts, making the final stop of a long-standing dispute and removes any justification for US tariffs, a press release stated The release said Airbus made the decision to amend the French and Spanish contracts according to parameters that the WTO considers “appropriate interest rate and risk … [Read more...] about Airbus agrees to amend contracts to ease global trade woes
WTO
IATA welcomes entry into force of WTO Trade Facilitation Agreement
The International Air Transport Association (IATA) has welcomed the entry into force of the Trade Facilitation Agreement (TFA). This follows the ratification of the treaty by two-thirds of the members of the World Trade Organization (WTO). "The Trade Facilitation Agreement will cut red tape at the border for faster, cheaper and easier trade. That’s great news for airlines, which deliver about a third of the goods traded across borders by value. And it’s a particularly timely reminder … [Read more...] about IATA welcomes entry into force of WTO Trade Facilitation Agreement
Vladimir Zubkov to be TIACA’s new secretary general
The International Air Cargo Association (TIACA) has announced its new secretary general, will be Vladimir Zubkov, replacing Doug Brittin, who retires at the end of the year. Zubkov has more than 40 years’ experience in the air transport industry, including senior roles with the International Civil Aviation Organisation (ICAO), and, most recently, as vice president of the Volga-Dnepr Group of Companies. He has been a member of the TIACA Board since 2011 and is the chairman of the Industry … [Read more...] about Vladimir Zubkov to be TIACA’s new secretary general
EU failed to remedy 40 years of Airbus subsidies: WTO
A World Trade Organisation (WTO) compliance panel ruled on 22 September that the European Union has failed to comply with its obligation to remedy the massive subsidies European governments have provided to create and sustain Airbus for more than 40 years. Rather than comply with their WTO obligations to remedy the US$17 billion in past subsidies provided to Airbus, the WTO found that EU Member States provided Airbus with new launch aid – reportedly almost $5 billion – so they could launch … [Read more...] about EU failed to remedy 40 years of Airbus subsidies: WTO
E-progress in September, global penetration now 34%
In September 2015, e-AWB global penetration is at 34.1 per cent, up by 2.4 per cent from previous month making this the second month with over two per cent growth. Ethiopian Airlines (ET) were the growth leaders in September with an increase of 8.5 per cent reaching 63.2 per cent e-AWB penetration. China Airlines (CI) followed closely, increasing by 7.2 per cent to reach 45.3 per cent penetration. In 2015, the overall rate of e-AWB adoption is progressing despite often challenging … [Read more...] about E-progress in September, global penetration now 34%
Agility welcomes WTO approval of TFA
Agility has issued the following statement signed by its CEO Tarek Sultan in response to the recent approval by the World Trade Organization (WTO) of the trade facilitation agreement (TFA) measures that would add US$1 trillion to the global economy through new rules on customs and cross-border trade. "Today's WTO agreement offers real hope for small businesses, farmers, job seekers and others in rich and poor countries alike. Though there's no magic in the WTO package, the measures included … [Read more...] about Agility welcomes WTO approval of TFA
