Embraer welcomes Brazil’s accession to WTO aircraft trade agreement
Embraer has welcomed Brazil’s accession to the World Trade Organisation’s (WTO) Agreement on Trade in Civil Aircraft (TCA).
The signing was formalised last week in a ceremony held at the…
Embraer has welcomed Brazil’s accession to the World Trade Organisation’s (WTO) Agreement on Trade in Civil Aircraft (TCA).
The signing was formalised last week 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,” said Francisco Gomes Neto, president and CEO of Embraer.
WTO TCA
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.
Last week, Embraer’s E190-E2 and E195-E2 gained type certification from the Civil Aviation Authority of Singapore (CAAS).
Scoot, low-cost subsidiary of Singapore Airlines, is due to operate the E190-E2 from 2024.
The E190-E2 and E195-E2 were certified by three key civil aviation authorities – the FAA (USA), EASA (Europe) and ANAC (Brazil) in 2018 and 2019 respectively.
“We welcome the type certification of the E190-E2 and E195-E2 and thank CAAS for their thorough assessment,” said Raul Villaron, vice president and head of region, Asia Pacific, Embraer Commercial Aviation.
Subscribe to the FINN weekly newsletter
