On June 15, 2021, in a joint statement, the United States (US) and European Union (EU) announced the establishment of a “cooperative framework to address the large civil aircraft disputes.” The framework includes a working group to address disagreements and to develop principles and action plans. Research and development funding is also included in the framework as well as additional supports for analysis and cooperation.
Both parties will also suspend tariff countermeasures for 5 years.
The joint statement can be found here:
The EU’s press release can be found here:
The Office of the US Trade Representative’s (USTR) press release can be found here:
The US Fact Sheet on the framework can be found here: