The Aerospace Industries Association (AIA) has released a new white paper underscoring the ongoing benefits of the 1979 Agreement on Trade in Civil Aircraft for America’s aerospace industry. AIA notes that the agreement is the foundation for American leadership in the aerospace industry.

Thirty-three countries are signatories to the agreement, which provides for duty-free trade of civil aircraft, engines, flight simulators, and related parts and components. AIA notes that the U.S. aerospace industry boasts the highest trade balance of any manufacturing sector, nearly $75 billion, and the second highest level of exports, exceeding $135 billion, as an outcome of the agreement.

Access more information and the white paper via AIA’s news release.