What Happened
Aircraft Trade Agreements Restore Tariff-Free Access for Manufacturers and Operators
The US has reached new trade agreements with Switzerland and South Korea, eliminating tariffs on aircraft and aircraft parts. The agreements restore tariff-free access for manufacturers and operators in both countries, bringing them back into alignment with the 1979 Agreement on Trade in Civil Aircraft. The National Business Aviation Association welcomed the announcements, citing the importance of open trade in the aviation sector. The agreements are expected to have an immediate impact on deliveries and parts shipments, reducing costs for US customers and operators. The US government has not released detailed implementation timelines, but the new tariff structure is aligned with prior zero-tariff agreements with other trading partners. The agreements were first reported by AeroTime.