Update to the Agreement on Trade in Civil Aircraft

Summary

The European Parliament gives consent to a protocol that updates the list of duty-free products under the Agreement on Trade in Civil Aircraft. This update aligns product classifications with modern international standards.
10 15.03.2017
Other
trade
economy
air transport
international relations
business and competition

Key points

  • The European Parliament has given its consent to update the rules regarding trade in civil aircraft.
  • The update ensures that civil aircraft, components, and flight simulators continue to be exempt from import duties.
  • The amendment aligns the agreement with the latest international customs classification standards (the Harmonized System).
  • This is a technical update intended to transpose changes from previous versions of global trade coding into the EU's legal framework.
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