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U.S.-Bangladesh Open Skies Air Transport Agreement Signed

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U.S.-Bangladesh Open Skies Air Transport Agreement Signed

8/16/2013 12:51 PM ET

U.S.-Bangladesh Open Skies Air Transport Agreement Signed

The United States has signed Open Skies Air Transport Agreement with Bangladesh. The Agreement, signed on Thursday in Washington by delegations representing the two sides, "formalizes the liberalization of our bilateral aviation relationship," the U.S. State Department said in a press release .

The Open Skies Agreement creates opportunities for strengthening the economic partnership between the United States and Bangladesh through closer links in transport and trade.

Open Skies agreements allow air service by the airlines of both countries between and beyond the other's territory, allowing airline managements to determine how often to fly, the kind of aircraft to use, and the prices to charge. "This agreement will strengthen and expand our strong trade, tourism and people-to-people links with Bangladesh," the State Department said. It will benefit "U.S. and Bangladeshi businesses and travelers by expanding opportunities for air services and encouraging vigorous price competition by airlines, while preserving our commitments to aviation safety and security," it added.

The United States has Open Skies agreements with over 100 partners around the world.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com
 

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