How has the EU-US Open Skies Agreement Affected EU Citizenship of Essay

How has the EU-US Open Skies Agreement Affected EU Citizenship of Germany - Essay Example How has the EU-US Open Skies Agreement Affected EU Citizenship of Germany? The EU-US Open Skies Agreement generally reflects the formation of the ‘US-EU Open Aviation Area Agreement’. In the year 2007, both the regions i.e. the US and the EU had signed a momentous pact in order to liberalise open global transportation and air travel on their respective business markets over the Atlantic Ocean. This pact or treaty is popularly acknowledged as The EU-US Open Skies Agreement. This significant agreement intends to deregulate the concern of air traffic over the Atlantic Ocean through various ways that have been discussed in the following section. It is worth mentioning that this particular agreement has facilitated any airline belonging to the US and the EU to fly to any particular point between these two regions. Apart from lessening the increased level of regulation of air transportation between the aforesaid two regions, the agreement also tends to undertake certain significant steps specifically for normalisation of the global aviation industry (Peterson & Graham, 2008). With this concern, the essay intends to discuss the EU-US Open Skies Agreement and its implications on different EU nations along with the US. Moreover, the way in which this agreement has affected EU citizenship of Germany will also be taken into concern in the essay. The financial interrelation of the US and the EU has been witnessed to contribute in ascertaining greater commercial success on both the sides of the Atlantic. This can be justified with reference to the fact that the formation along with the maintenance of smooth financial interrelation between the aforesaid two nations have opened prospects for better investments, fostered trade in products or services and most vitally facilitated in enhancing the mobility of the individuals through undertaking various major initiatives. One of the initiatives in this regard can be apparently observed as the formation of the Visa Waiver Program. It is determined that the EU and the US are regarded as the t wo biggest air transportation markets throughout the globe. This is owing to the reason that both of these markets together account for in excess of half of all worldwide scheduled passenger travel and 71.7 percent of the globe’s freighter fleet. The formation of the EU-US Open Skies Agreement, which had been signed in the year 2007 and became effective in the year 2008, can be duly considered as a historic decision, as it not only broadly supports the aspect of trade liberalisation but also promotes the development of better international trade as well. In the context of analysing the EU-US Open Skies Agreement, it can be affirmed that aviation often plays a decisive role in driving the vital aspect of globalisation, contributing in expanding travel along with tourism and enabling the business entrepreneurs to make substantial investments. Furthermore, it also plays an imperative part in facilitating trade through bringing business people along with conducting their respecti ve operational functions jointly and developing the products or services in relation to the respective industry. By taking into concern these valuable roles played by aviation, it can be stated that both the regions i.e. the US and the EU had signed the agreement in order to transform and enhance the existing procedure of air travel and trade throughout the Atlantic (Alford &