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Subject
Civil aviation cooperation between China and the EU.
Significance
China and the EU have signed two aviation deals that are expected to bring 3.5 billion euros (4 billion dollars) in economic benefits and up to 11,000 new jobs between now and 2025.
Impacts
The number of flights between the EU and China will rise, driving down airfares.
Direct routes will probably increase, saving time for travellers.
US suppliers of aviation products may now face greater pressure from Europe in the China market.
The post-Brexit United Kingdom will have to negotiate its own agreement with China, which could take years.
Keywords:
China,
EU,
AP,
CHINA/EU,
industry,
international relations,
aerospace,
manufacturing,
transport,
Aerospace & defence
© Oxford Analytica 2020. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2019
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