The highly welcomed agreement on Aviation safety is expected to further strengthen the aviation relations between the European Community and the United States. By virtue of the tremendous benefits arising out of the mutual recognition of the aviation safety certificates, the agreement shall give way for the evolution of harmonious safety systems across and beyond the Atlantic region. In addition, the technical and administrative procedures for recognizing the certificates will become less cumbersome. It is also expected that this agreement will encourage further improvement in safety levels besides reducing costs by several millions of euros year by year for the European and US manufacturers, in turn reflecting the benefits of such savings in the fares charged from the passengers.

European Commission Vice-President in charge of Transport, Antonio Tajani observed, "The agreement is a historical milestone not only because it is the first aviation safety agreement the European Community has concluded with a third country, but also because of its impact on aviation safety on a global scale."

With a record of less than 0.6 accidents per million departures between 1996 and 2005, the EU and US are proud to possess the best aviation safety records across the world. Over and above, both the partners are looking forward to improve this state by working together in close quarters. 

The predominant clauses of the agreement gives way for a joint inspection of civil aviation authorities and undertakings, in addition to ensuring cooperation and assistance in any enforcement or investigation and the exchange of safety data, including the data pertaining to accidents and incidents.