A new bilateral trade agreement between the United States and Algeria has facilitated an increase in exports of generating sets with spark-ignition internal combustion piston engines (HS Code: 8502.20) from the US to Algeria, with a reported 20% rise in shipments this quarter.
2023-10-15
Impact: Positive impact on US exporters due to reduced tariffs and streamlined customs processes, potentially increasing market share in Algeria.
Algerian Demand for US-Made Generating Sets Surges
Algeria’s growing energy sector has led to a surge in demand for US-manufactured generating sets with spark-ignition engines, with imports from the US rising by 15% year-over-year as reported by trade authorities.
2023-09-05
Impact: Increased demand strengthens trade ties, benefiting US manufacturers with higher export volumes and potential long-term contracts.
Recent disruptions in shipping routes have delayed deliveries of generating sets (HS Code: 8502.20) from the US to Algeria, causing temporary shortages in the Algerian market.
2023-08-20
Impact: Negative short-term impact on trade flow, with potential cost increases for US exporters and delays in meeting Algerian demand.
Policy Updates
US-Algeria Tariff Reduction on Industrial Machinery
The US and Algeria have agreed to reduce tariffs by 10% on industrial machinery, including generating sets with spark-ignition internal combustion piston engines (HS Code: 8502.20), to encourage bilateral trade and support Algeria’s infrastructure development.
Date: 2023-10-01
Algerian Import Regulation Update for Energy Equipment
Algeria has updated its import regulations to prioritize energy equipment, including generating sets, from countries with established trade agreements like the US, easing certification requirements for US exporters.
