Division 2 The provisions of this section shall apply only to the following exports and imports of spacecraft:

the launching of a spacecraft for which economic ownership has been transferred from a legal or natural person established in the reporting Member State to a legal or natural person established in another Member State or non-member country. This shall include the launching of parts of spacecraft with a view to their assembly outside the earth’s atmosphere. These transactions shall be treated as an export;

the launching of a spacecraft for which economic ownership has been transferred from a legal or natural person established in another Member State or non-member country to a legal or natural person established in the reporting Member State. This shall include the launching of parts of spacecraft with a view to their assembly outside the earth’s atmosphere. These transactions shall be treated as an import.