US-Hungary Agreement on Space Equipment Trade
The United States and Hungary have signed a bilateral agreement to facilitate the trade of goods certified for NASA programs, including space launch equipment and ground support systems under specific HS codes. This agreement aims to streamline customs processes for these specialized imports.
2023-10-15
Impact: This agreement is expected to enhance cooperation in space technology trade, reduce delays in customs clearance, and lower costs for NASA-related imports to Hungary, fostering stronger bilateral ties in aerospace sectors.
Hungary Supports NASA International Program with Tariff Waivers
Hungary announced tariff waivers for goods imported for NASA’s international programs, including parts for space launches and uniquely associated equipment. This move aligns with Hungary’s commitment to supporting global space initiatives.
2023-09-22
Impact: The tariff waivers will likely increase the volume of NASA-related imports into Hungary, making it a more attractive hub for space technology collaboration and reducing financial barriers for US exporters.
US Exports NASA-Certified Equipment to Hungary for New Space Initiative
A shipment of NASA-certified ground support equipment was exported from the US to Hungary as part of a new international space program. This marks the first significant trade under the specific HS code category for NASA goods between the two nations.
2023-08-30
Impact: This export sets a precedent for future trade in high-tech space equipment, potentially increasing demand for US-manufactured NASA-certified goods in Hungary and strengthening economic ties in the aerospace sector.
