International Trade: Long-Term Viability of U.S.-European Union Aircraft Agreement Uncertain

Pursuant to a congressional request, GAO reviewed the 1992 bilateral aircraft agreement between the United States and the European Union (EU), focusing on the: (1) extent to which the agreement has proved viable in operation; (2) potential impact of changes in government support on the competitiveness of the U.S. civil aircraft industry; and (3) efforts of the United States and EU to extend coverage of the agreement to other nations with aerospace industries and to related aerospace products.