The European Union and the United States have agreed a truce in their near 17-year conflict over aircraft subsidies for U.S. planemaker Boeing and European rival Airbus, the EU said on Tuesday.
They agreed in March to a four-month suspension of tariffs on $11.5 billion of goods ranging from EU wine to U.S. tobacco and spirits, which they had imposed in response to the row.
Here are reactions to the deal:
URSULA VON DER LEYEN, EUROPEAN COMMISSION PRESIDENT
“This really opens a new chapter in our relationship because we move from litigation to cooperation on aircraft – after 17 years of dispute.”
JOE BIDEN, U.S. PRESIDENT
“It’s overwhelmingly in the interest of the USA to have a great relationship with NATO and the EU. I have very different views than my predecessor.”
BRITAIN’S DEPARTMENT FOR INTERNATIONAL TRADE
“We have been working hard with the U.S. to de-escalate and agree a settlement after making the first move in suspending tariffs.”
“We look forward to continuing discussions on the long-standing Large Civil Aircraft dispute during (U.S. Trade Representative) Katherine Tai’s visit to the UK on Wednesday, and achieving a fair and balanced settlement that works for the whole of the UK.”
ANTONIO DE MORA, HEAD OF SPANISH OLIVE EXPORTERS’ ASSOCIATION ASEMESA
“They have reached an agreement on a roadmap to settle the issue within 5 years. If confirmed that this agreement will have the effect of immediately suspending tariffs, it would be wonderful news because it solves one of the two serious problems we have: the 25% tariffs on green olive exports to the U.S., which accounted for 60% of our exports.”
“We have stopped exporting green olives worth approximately 30 million euros a year.”
“But we still have a serious problem in our exports: black olives are not included in this agreement.”
(Reporting by Marine Strauss, Philip Blenkinsop, William james and Emma Pinedo Editing by David Evans and Bernadette Baum)