Contact: Dan Hubbard, 202-431-5970, [email protected]

Washington, DC, Nov. 14, 2025 - The National Business Aviation Association (NBAA) commends the Trump Administration on a recent trade agreement with the Republic of Korea (ROK) and a separate announcement on trade with Switzerland. Both agreements are a return to zero-for-zero tariffs on imports of aircraft and parts.

The ROK and Switzerland are both signatories of the 1979 Agreement on Trade in Civil Aircraft. Since the implementation of the 1979 Agreement, over 30 countries have benefited from a zero-for-zero fair and reciprocal trade agreement in civil aviation.

NBAA President and CEO Ed Bolen noted that the 1979 Agreement on Trade in Civil Aircraft contributed to a $104 billion U.S. trade surplus in the aerospace sector, surpassing all other industries in strengthening the nation's trade balance and supporting the creation of 9.4 million jobs within the United States.

"NBAA welcomes the return to zero tariffs for aircraft and parts, which will have a significant positive impact on U.S. leadership in global aerospace safety and innovation," Bolen stated. "These new agreements not only reestablish equitable trade relations with the Republic of Korea and Switzerland but also enable the aviation industry to continue its major contributions to U.S. jobs and the economy."

More details, including implementation dates for each of these trade deals, have not been announced at this time.

NBAA urges the administration to return to a similar zero-for-zero tariff agreement on aircraft and aircraft parts in future bilateral trade deals.

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Founded in 1947 and based in Washington, DC, the National Business Aviation Association (NBAA) is the leading organization for companies that rely on general aviation aircraft to help make their businesses more efficient, productive and successful. The association represents more than 10,000 company and professional members and provides more than 100 products and services to the business aviation community, including the NBAA Business Aviation Convention & Exhibition (NBAA-BACE), the world's largest civil aviation trade show. Learn more about NBAA at nbaa.org.

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