Agreement On Trade In Civil Aircraft

Agreement on Trade in Civil Aircraft in Global Commerce Policy

In this regard, agreement on trade in civil aircraft is: one of the WTO plurilateral agreements, concluded as part of the Tokyo Round. Signatories to the Agreement undertake to eliminate all customs duties and other charges on (a) civil aircraft, (b) civil aircraft engines, parts and components, (c) other parts, components and sub-assemblies of civil aircraft and (d) ground flight simulators. The Agreement requires that purchasers should be free to select suppliers on the basis of commercial and technological factors, and without quantitative restrictions. WTO rules on subsidies apply.[1]

Agreement on Trade in Civil Aircraftin the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

Resources

Notes and References

1. Dictionary of Trade Policy, “Agreement on Trade in Civil Aircraft” entry (OAS)

See Also