On the first day of the ICAO Assembly being held in Monteal, four bodies signed a Memorandum of Cooperation to create a global safety information exchange in order to reduce the risk of accidents worldwide. The United States Department of Transportation, the European Commission, the International Air Transport Association and ICAO will ensure member states make available information on the performance of their safety oversight systems. The agreement also includes safeguards to ensure that sensitive information is used solely for safety reasons. Overall, the new strategy provides regulators and industry with the tools and information they need to mitigate safety
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