International aviation agreements aren't a topic most travelers think much about. Indeed, reading them can put you to sleep. But they affect what we pay for overseas airline service and our choices of airlines. The U.S. and EU governments are moving steadily toward what the Europeans call "liberalization" (liberalisation in European English) of the transatlantic market, with the promise of greater competitition bringing lower fares. Read the most recent action taken by the EU here
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