This site is not updated. I am pleased to have this opportunity to be with you today as we think together how best to meet the transportation challenges of the 21st century. I can't think of a more appropriate venue for this kind of discussion than here in the rail, road, river, and air hub which is the city of Frankfurt.
People also say that Frankfurt focuses intently on mobility issues for the next century.
One area in particular where a largely common approach has benefited our communities on both sides of the Atlantic is aviation, a common approach particularly important because our actions and policies set the standard for the rest of the world. The 1990s have seen tremendous changes in industry structure on both sides of the Atlantic. In Europe, completion of the single aviation market has led to cross-border investment, privatization, and new entrants in the market. Building on the efforts of previous administrations, the Clinton Administration has worked hard to liberalize the transatlantic market by negotiating Open Skies air services agreements. We also concluded a liberal agreement with France last year, albeit not an Open Skies agreement.