[Bills in Focus] Aircraft tariffs exemption, national pension reform
Proposed Bill: Partial Amendment to the Customs Act Proposed by Rep. Park Soo-young (People Power Party) ● Proposed by Rep. Park, this bill aims to extend tariff exemptions on imported aircraft parts until the end of 2029 to alleviate costs in aircraft manufacturing and maintenance, which rely heavily on global supply chains. Under the current law, import tariffs on aircraft parts are fully exempt until the end of this year. Starting next year, the exemption rate is set to decrease by 20 percent
Oct. 28, 2024