The EU is hoping to create new airline routes and new business opportunities for European firms through bilateral agreements with ASEAN and countries like Turkey and Qatar. The moves are part of an EU aviation strategy published in December last year.
Myanmar, meanwhile, is still in the process of adapting to a more liberalised ASEAN aviation sector, which has raised concerns about how the country’s fledgling airline industry will fare against more foreign competition.
An ASEAN-EU agreement would aim to provide more direct flights between the two blocs, and create business opportunities for airlines by reducing restrictions on access to the EU and ASEAN markets. Such an agreement would bring almost 8 billion euros (US$9 billion) in “economic benefits” during the first seven years, according to EU estimates. (Courtesy of mmtimes.com)
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