March 4, 2021
JOINT US-UK ANNOUNCE A TEMPORARY SUSPENSION OF LARGE CIVILIAN AIRCRAFT TARIFFS
The Office of the U. S. Trade Representative (USTR) today released a statement announcing a four-month suspension of the additional duties on large civilian aircrafts. The United Kingdom and the United States are undertaking a four-month tariff suspension to ease the burden on industry and take a joint step towards resolving the longest running disputes at the World Trade Organization.
The USTR press release stated that “this will benefit a wide range of industries on both sides of the Atlantic and allow for focused settlement negotiations to ensure that our aerospace industries can finally see a resolution and focus on COVID recovery and other shared goals.”
Click here to read the USTR notice.
Please reach out to us with any questions you have regarding this or any other trade matter.
The USTR press release stated that “this will benefit a wide range of industries on both sides of the Atlantic and allow for focused settlement negotiations to ensure that our aerospace industries can finally see a resolution and focus on COVID recovery and other shared goals.”
Click here to read the USTR notice.
Please reach out to us with any questions you have regarding this or any other trade matter.
