United States to Albania Trade Analysis
for Renewable fuels blends containing not less than 51 percent by volume of biofuel, as described in statistical note 1 to this chapter
Detailed tariff information for Renewable fuels blends containing not less than 51 percent by volume of biofuel, as described in statistical note 1 to this chapter imports
Renewable fuels blends containing not less than 51 percent by volume of biofuel, as described in statistical note 1 to this chapter Tariff Rate
Increasing due to growing demand for renewable energy sources in Albania
Special Rates
Preferential Rate
0%
Applicable under the Stabilization and Association Agreement (SAA) between Albania and the EU, if the product meets origin criteria or is transshipped through the EU with proper documentation.
A new bilateral trade agreement between the United States and Albania has facilitated an increase in the export of renewable fuel blends (containing at least 51% biofuel by volume) from the US to Albania, focusing on sustainable energy solutions.
2023-10-15
Impact: This agreement is expected to increase US exports of renewable fuels to Albania by 15% over the next year, strengthening economic ties and supporting green energy initiatives.
Albania Reduces Tariffs on US Renewable Fuel Blends
Albania has announced a tariff reduction on imported renewable fuel blends from the US, classified under HS Code for products with over 51% biofuel content, to promote cleaner energy alternatives.
2023-09-01
Impact: The tariff cut is likely to make US renewable fuels more competitive in the Albanian market, potentially increasing trade volume and encouraging further investments in biofuel production.
US Exporters Eye Albanian Market for Biofuel Blends
US renewable fuel producers are exploring opportunities in Albania as the country seeks to diversify its energy mix, with a specific focus on blends containing at least 51% biofuel by volume.
2023-07-20
Impact: This growing interest could lead to a significant uptick in trade, with potential for long-term contracts and partnerships between US exporters and Albanian energy firms.
Policy Updates
Albania Updates Import Regulations for Renewable Fuels
Albania has revised its import policies to streamline customs procedures for renewable fuel blends (HS Code specific to products with over 51% biofuel), reducing documentation requirements and inspection times for US shipments.
Date: 2023-08-10
US Extends Trade Incentives for Renewable Fuels to Albania
The US government has included Albania in a trade incentive program offering reduced export tariffs on renewable fuel blends containing at least 51% biofuel by volume, aiming to support sustainable energy trade.
