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The European Union is ready to work with the Biden administration to settle trade disputes

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The European Union welcomed the US government’s move to refrain from imposing additional duties on goods from the bloc in a dispute over aircraft fees, stressing its readiness to work to settle trade disputes.

The office of the US Trade Representative said on Thursday that it agreed with the US industrial sector that it is not necessary to review existing fees on European goods at this time, to refrain from making changes that were possible during a periodic review.

The office had said earlier that it was looking forward to working with European allies to settle a 16-year-old battle over the support provided to European Airbus and its US rival Boeing.

In response to a question about the decision on Thursday, a spokesman for the European Union said, “The European Union is ready to communicate with the new American administration on the basis of the agenda of the Union and the United States for global change, which the Union adopted on the second of December. Our goal is to find solutions to the ongoing trade disputes, especially Airbus / Boeing. ”

European Union and British officials are keen to work with President Joe Biden’s administration, but talks are stalled until the US Senate approves Biden’s selection of Catherine Tay as chief trade negotiator. This may take weeks, as no session has yet been determined for that purpose.

On Monday, British and European Union envoys stressed their desire to settle the aircraft support dispute.

The article The European Union expresses its willingness to work with the Biden administration to settle trade disputes. It was written in the Stock Exchange newspaper.

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The European Union is ready to work with the Biden administration to settle trade disputes