The agreement is a turning point in the aviation world, as it provides for an unprecedented level of liberalization in terms of traffic rights and foreign investment in airlines. It was negotiated by the Commission under a mandate obtained by the Council in October 2007 and replaced bilateral air services agreements between EU Member States and Canada. The agreement has significantly improved the links between the respective markets and the intermediate links and aims to create new investment opportunities by gradually liberalising foreign ownership rules vis-à-vis airlines. It includes the gradual introduction of trafficking rights, mutual investment opportunities and broad cooperation on a number of issues such as security, social affairs, consumer protection, the environment, air traffic management, competition law and state aid. Agreement between Canada and the European Union on civil aviation safety Due to the dynamism of the aviation industry and the different requirements of governments and airlines, air relations agreements and agreements are constantly evolving and developing. Despite the fact that Iceland, Norway and Switzerland are not part of the EU-Canada civil aviation safety agreement, the following working arrangements to promote aviation safety between the TCCA and the civil aviation authorities in Iceland, Norway and Switzerland reflect the technical elements of aviation safety contained in the EU/Canada Civil Aviation Safety Agreement, and facilitate the recognition and acceptance of authorisations and tests in established areas. Article 1, paragraph 2, of the regime. Agreement on aircraft leasing between the Directorate General of Civil Aviation (France) and the Aviation Group, Department of Transport (Canada) IN THE ACCORD FRAMEWORK ON improving cooperation and efficiency in civil aviation safety, CONSIDERING that each contracting party has established a long practice of technical exchanges and bilateral agreements between Canada and members of the European Community (EC) that the other party`s standards and systems for airworthiness and certification or environmental acceptance of civil aviation products are equivalent to theirs to make an agreement applicable to Canada: the Canadian civil aviation organization, Canada`s audit agreements and agreements with other countries, regions or governing bodies.