NBAA commends US zero-for-zero aviation tariff deals with Switzerland and Korea
The National Business Aviation Association (NBAA) has commended the Trump Administration on recent zero-for-zero tariff agreements on imports of aircraft and parts with Switzerland and the Republic of Korea.
The details of the agreements were both announced on Friday. The Swiss have a tripartite deal also involving Liechtenstein.
Korea and Switzerland are both signatories of the 1979 Agreement on Trade in Civil Aircraft.The zero-for-zero trade agreement in civil aviation includes more than 30 countries.
“NBAA welcomes the return to zero tariffs for aircraft and parts,” said NBAA president and CEO Ed Bolen.
“These new agreements not only reestablish equitable trade relations with the Republic of Korea and Switzerland but also enable the aviation industry to continue its major contributions to US jobs and the economy,” he continued.
Bolen said the 1979 Agreement on Trade in Civil Aircraft has contributed to a $104bn US trade surplus in the aerospace sector.
More details, including implementation dates for each of these trade deals, have not been announced at this time. NBAA urges the administration to return to a similar zero-for-zero tariff agreement on aircraft and aircraft parts in future bilateral trade deals.
NBAA welcomes end of shutdown
Meanwhile, the association has also welcomed the FAA’s removal of restrictions on access for general aviation, including business aviation, following the end of the federal government shutdown.
The full removal of the restrictions took place yesterday (17th November) at 6am EST.
Bolen said: “NBAA is pleased the shutdown restrictions have been lifted and that the entire general aviation industry, including business aviation, will be able to serve as a vital link in our nation’s transportation system, and a powerful engine for our economy.”
In place since November 9th, the restrictions were set on all aviation operations at 40 US airports due to air traffic controller workforce shortages as a result of the shutdown.
“We are grateful to all who have worked to ensure the safety and efficiency of the nation’s aviation system under extraordinary circumstances,” Bolen concluded.
