<p>The EU and US have agreed to prolong a truce in their 17-year Airbus-Boeing row for five years, marking a diplomatic victory during the visit of US President Joe Biden to Brussels, European sources said Tuesday.</p>.<p>"We have found a good agreement that gives us the time to find a long-term solution," a European source close to the matter told <em>AFP</em> on condition of anonymity.</p>.<p>Biden will meet with EU Commission President Ursula von der Leyen and Council President Charles Michel in Brussels at noon and solving a list of existing trade conflicts will be on the top of the agenda.</p>.<p>Asked whether there would be a breakthrough in the meetings with Washington, European Commission President Ursula von der Leyen said she was "very positive that we will find an agreement on the Airbus-Boeing issue today."</p>.<p><strong>Explained | <a href="https://www.deccanherald.com/business/business-news/explained-the-15-billion-dilemma-facing-boeings-ceo-dave-calhoun-992889.html" target="_blank">The $15 billion dilemma facing Boeing's CEO Dave Calhoun</a></strong></p>.<p>"We should not underestimate this is the longest trade dispute in the history of WTO, so it's in our common interest to solve it," she told reporters.</p>.<p>"I'm very positive and convinced that together we will deliver today."</p>.<p>The EU and the US have been at loggerheads for almost two decades in the conflict over their aircraft manufacturers.</p>.<p>A source close to the matter said that the truce would last for five years, which would give enough time to find a global solution at the WTO involving the aviation industry worldwide.</p>.<p>They accuse each other of illegally subsidising Airbus and Boeing, their aviation champions. In early March, both sides declared a kind of ceasefire for four months after Biden took office.</p>.<p>They refrained from imposing further punitive tariffs on each other until July 11 to negotiate a solution to the dispute.</p>
<p>The EU and US have agreed to prolong a truce in their 17-year Airbus-Boeing row for five years, marking a diplomatic victory during the visit of US President Joe Biden to Brussels, European sources said Tuesday.</p>.<p>"We have found a good agreement that gives us the time to find a long-term solution," a European source close to the matter told <em>AFP</em> on condition of anonymity.</p>.<p>Biden will meet with EU Commission President Ursula von der Leyen and Council President Charles Michel in Brussels at noon and solving a list of existing trade conflicts will be on the top of the agenda.</p>.<p>Asked whether there would be a breakthrough in the meetings with Washington, European Commission President Ursula von der Leyen said she was "very positive that we will find an agreement on the Airbus-Boeing issue today."</p>.<p><strong>Explained | <a href="https://www.deccanherald.com/business/business-news/explained-the-15-billion-dilemma-facing-boeings-ceo-dave-calhoun-992889.html" target="_blank">The $15 billion dilemma facing Boeing's CEO Dave Calhoun</a></strong></p>.<p>"We should not underestimate this is the longest trade dispute in the history of WTO, so it's in our common interest to solve it," she told reporters.</p>.<p>"I'm very positive and convinced that together we will deliver today."</p>.<p>The EU and the US have been at loggerheads for almost two decades in the conflict over their aircraft manufacturers.</p>.<p>A source close to the matter said that the truce would last for five years, which would give enough time to find a global solution at the WTO involving the aviation industry worldwide.</p>.<p>They accuse each other of illegally subsidising Airbus and Boeing, their aviation champions. In early March, both sides declared a kind of ceasefire for four months after Biden took office.</p>.<p>They refrained from imposing further punitive tariffs on each other until July 11 to negotiate a solution to the dispute.</p>