Trade Agreements Eliminate Tariffs on Aircraft and Aircraft Parts

The US has reached new trade agreements with Switzerland and South Korea, eliminating tariffs on aircraft and aircraft parts. The agreements restore the 1979 Civil Aircraft Agreement’s tariff-free trade for civil aircraft among participating nations. The National Business Aviation Association (NBAA) welcomed the announcements, citing the importance of open trade in the aviation sector. The agreements take effect immediately, with deliveries and parts shipments proceeding without additional duties. 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.