Larry Pressler: “I am delighted to inform the Senate that today the United States and the Federal Republic of Germany signed an open…”

“I am delighted to inform the Senate that today the United States and the Federal Republic of Germany signed an open skies agreement which will liberalize air service between our two countries. I am also pleased to advise my colleagues that the United States and Germany initialed a Bilateral Aviation Safety Agreement [BASA] which will greatly enhance safety coordination between the Federal Aviation Administration [FAA] and its German counterpart agency. The United States-German open skies agreement is a great economic victory for both countries and a very welcome development for consumers. In fact, I regard this agreement to be a trade accord of truly historic proportions for both countries. As always is the case where market forces are unleashed, consumers flying between the United States and Germany, as well as passengers connecting in either country for travel to a third country, will benefit enormously. These consumer benefits will include increased choice and competitive air fares.”