Airbus-Boeing: European Union and United States suspend punitive customs duties for 5 years

The deal puts a 15-year-old clash on hold. The European Union and the United States were opposed to the subject of public aid paid to the two aeronautical groups, considered illegal.

In Brussels

Red carpet and smiles this Tuesday in Brussels for the visit of Joe Biden. The meeting was marked by the decision to bury the hatchet, after sixteen years of conflict between Airbus and Boeing.

That “opens a whole new chapter in our relationships », Welcomed the President of the European Commission. Emmanuel Macron, for his part, welcomed this agreement, seeing the “first results ” from “new relationship ” With l’. This is undoubtedly the most important and concrete announcement of this summit which only lasted two short hours.

The idea is to suspend, for five years, the customs duties which have already cost more than 10 billion dollars to companies on both sides of the Atlantic, but especially on the European and French side. This deadline should allow the dedicated working group to find a long-term solution, while another, permanent one, will be the forum to settle any future disagreements on a case-by-case basis. Because the differences in approach remain and everyone intends to continue to support their industry.

Operation seduction

This is not a definitive solution, but a start. Success for the seduction operation of Joe Biden who gets what he wanted: a common front to counter China’s non-commercial practices, which give Chinese companies an unfair advantage in the field of aviation.

And everyone hopes that this appeasement will pave the way for resolving other trade disputes. In particular the one initiated by Donald Trump on steel and aluminum. “Too complex to solve in a weekend “, According to the President of the Commission, who warns however that an agreement” must be found before the suspension of European countermeasures expires “at the end of the year.

More broadly, Europeans and Americans have confirmed the desire to “tackling important global challenges together », Summed up the President of the European Council,. The two parties have decided to equip themselves with a new structure: a “Business and Technology Consulting “Which will facilitate and ensure the supply of critical raw materials and the emergence of new technologies while seeking to impose norms and standards”westerners “. One way, once again, to stand together in the face of the fear of Chinese supremacy in these areas.

For other subjects as well, the will to cooperate predominates but “we are lucid, there will be difficult subjects“Relativizes Charles Michel. Many capitals, including Paris and Berlin, do not want full alignment. To avoid any escalation, Brussels and Washington are betting on dialogue. They will multiply the working groups. On the climate in particular. But the negotiations to establish a framework for investments (similar to the European taxonomy), to find an agreement on the use of plastics… and above all to agree on the price of carbon are expected to be delicate.

Foreign policy was also on the menu, with the desire to work together to uphold the rule of law. Allies are closing ranks to defend freedom of navigation, with special mention for stability in the Taiwan Strait. , they are “ready to respond firmly to the repetition of negative behavior and harmful activities” in Moscow, internally but also in Ukraine and Georgia. A firmness that Biden must express this Wednesday. The turn of Europeans will come at the next European Council, on June 23 and 24.

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