Brazil Joins WTO's Aerospace Trade Agreement
Embraer is pleased with Brazil's inclusion in the World Trade Organization's (WTO) Agreement on Trade in Civil Aircraft. This move places Brazil within an influential group that establishes trade rules for the aerospace industry. The agreement, signed at the WTO's headquarters in Switzerland, brings certainty and accessibility to the market for Brazilian aerospace companies. All import duties on aircraft, components, and parts will be eliminated, preventing barriers to trade between signatory nations.
Embraer welcomes Brazil's accession to the WTO Agreement on Trade in Civil Aircraft Embraer welcomes Brazil's accession to the WTO Agreement on Trade in Civil Aircraft Brazil will integrate an important forum for the definition of trade rules in the aerospace sector São José dos Campos, November 17th, 2023 – Embraer (NYSE: ERJ; B3: EMBR3) welcomes Brazil's accession to the World Trade Organization's (WTO) Agreement on Trade in Civil Aircraft (TCA). The signing was formalized today in a ceremony held at the WTO headquarters in Geneva (Switzerland). “Brazil’s accession to the agreement is very positive and a relevant milestone for the Brazilian international trade. From now on, the country will be part of an important forum in the discussion of rules for the trade of civil aircraft between the main countries operating in the sector”, states Francisco Gomes Neto, President and CEO of Embraer. The TCA will bring greater predictability and legal certainty of market access for Brazilian aerospace companies, as it establishes rules for the international trade of civil aircraft. The agreement also eliminates all import duties on aircraft, their parts, and components, preventing tariff barriers from being imposed on imports in the sector between the signatory countries. About Embraer A global aerospace company headquartered in Brazil, Embraer has businesses in Commercial and Executive aviation, Defense and Security, and Agricultural Aviation. The company designs, develops, manufactures, and markets aircraft and systems, providing Services and Support to customers after-sales. Since it was founded in 1969, Embraer has delivered more than 8,000 aircraft. On average, about every 10 seconds an aircraft manufactured by Embraer takes off somewhere in the world, transporting over 145 million passengers a year. Embraer is the leading manufacturer of commercial jets with up to 150 seats and the main exporter of high- value-added goods in Brazil. The company maintains industrial units, offices, service and parts distribution centers, among other activities, across the Americas, Africa, Asia, and Europe. Embraer | Avenida Juscelino Kubitschek, 1909, Torre Norte - 14º andar - São Paulo Corporate Towers, São Paulo, 05414012 Brazil Unsubscribe pr@airspirit.com Update Profile | Constant Contact Data Notice Sent by embraer@ideal.pr powered by Try email marketing for free today!
