On November 17, the WTO Committee on Trade in Civil Aircraft voted in favor of Brazil’s accession to the WTO Aircraft Agreement. The South American country had already applied for this in June 2022.
Tariffs will be eliminated
For all countries that have signed the agreement – including the EU as well as Norway, Albania, Canada, Japan and the USA, for example – the following applies:
- Customs duties on civil aircraft, engines, flight simulators and related parts and components will be eliminated
- The benefits are granted equally to all signatories
- Duty-free treatment for ground maintenance simulators
The WTO Agreement on Trade in Civil Aircraft has been in force since 1980. Brazil has yet to finalize its accession with ratification.
Source: WTO, DIHK