BEIJING: China has officially allowed its airlines to resume receiving aircraft contracted from American aerospace giant Boeing, ending a suspension that had lasted over a month. The decision follows a trade pact struck between Beijing and Washington, aimed at defusing their long-running economic standoff.

According to Bloomberg News, Chinese authorities have notified local airlines and relevant government agencies that they can once again arrange for Boeing deliveries, now on their own schedule and terms.
This move is expected to provide an immediate lift to Boeing, which has faced recent challenges, including slowed international orders. Analysts suggest the decision not only boosts the aviation sector but also reflects a broader intent to stabilize trade relations.

The resumption of aircraft deliveries was part of a larger deal unveiled after talks in Geneva, where both sides agreed to significantly lower tariffs on imported goods. The United States announced a reduction of tariffs on Chinese imports from 145% to 30%, while China will cut tariffs on American imports from 125% to 10%. The tariff cuts are set to take effect for a 90-day period.

A joint statement from the White House emphasized that the decision was made “in recognition of the importance of their bilateral economic and trade relations to both of them, and to the global economy.”

For all the latest news from Oman and GCC, follow us on Twitter, Instagram and LinkedIn, like us on Facebook and subscribe to our YouTube page, which is updated daily.