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AIR - Airbus SE News Story

€115.7 -0.3  -0.3%

Last Trade - 30/07/21

Large Cap
Market Cap £77.60bn
Enterprise Value £79.11bn
Revenue £47.34bn
Position in Universe 14th / 841

UPDATE 1-EU envoy urges U.S. to ease travel restrictions; sees time to resolve metals dispute

Wed 23rd June, 2021 9:28pm
(Recasts, adds quotes, background)
    By Andrea Shalal
    WASHINGTON, June 23 (Reuters) - The European Union's top
diplomat in Washington said the United States should safely ease
COVID-19 travel restrictions on Europeans, calling it a mistake
to prevent European business executives from overseeing their
U.S. investments.
    Stavros Lambrinidis told a virtual trade event on Wednesday
that Brussels was working day and night to resolve the issue and
he was hopeful an agreement could be reached "very soon."
    He said the EU had allowed Americans who were working in
Europe and had a valid work visa to enter the EU so that trade
and investment could continue, but stricter restrictions were in
place for European citizens.
    That meant Europeans living in the United States visit their
families in Europe, but they are not allowed to return, even if
they are vaccinated or quarantined. "That has to end," he told a
Washington International Trade Association event.
    "We have to be able to kickstart our economies again,
together," he said, noting that 60% of foreign investment in the
United States came from Europe. "The executives of those
companies want to be able to travel to the U.S. to oversee those
investments, and today they can't. It's a mistake."
    Lambrinidis said he was encouraged by progress made during
last week's U.S.-EU summit, and an agreement to suspend tariffs
for five years in a long-running dispute over aircraft subsidies
paid to Airbus  AIR.PA  and Boeing  BA.N .*:nL2N2NX0CF
    He said a dispute over U.S. steel and aluminum tariffs
imposed by the United States, citing "national security
concerns", was more complex, but expressed optimism that the two
sides could settle issue before now-suspended EU countermeasures
kick in again in December.
    "We have now about five and a half months; that's plenty of
time to resolve this," he said, "And resolving it means dealing
... with the Chinese overcapacity issue together as allies."    

 (Reporting by Andrea Shalal, Editing by Rosalba O'Brien and
Alistair Bell)
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