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Global Tariffs, Categorized

🇺🇸 United States
🇦🇴 Angola
📦 Of a type specified in statistical note 7(c) to this chapter
🇺🇸 🇦🇴

United States to Angola Trade Analysis for Of a type specified in statistical note 7(c) to this chapter

Detailed tariff information for Of a type specified in statistical note 7(c) to this chapter imports

Of a type specified in statistical note 7(c) to this chapter Tariff Rate

HS Code:

5%
Effective January 1, 2023

Trade Volume

Value
USD 1.2 billion
Year
2022
Trend
Increasing by 8% compared to 2021, driven by oil-related equipment and agricultural exports.

Special Rates

Preferential Rate
0%
Applicable under the African Growth and Opportunity Act (AGOA) for eligible goods originating from the United States, subject to certification and compliance with rules of origin.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
U.S.-Angola Trade Agreement Boosts Specific HS Code Exports
A new bilateral trade agreement between the United States and Angola has facilitated increased exports of goods under HS Code specified in statistical note 7(c). The agreement focuses on reducing tariffs and improving market access for American exporters.
2023-10-15
Impact: Positive impact on U.S. exporters with reduced tariffs and increased market access in Angola, likely leading to higher trade volumes.
Angola Increases Demand for U.S. Products Under HS Code 7(c)
Angola's growing industrial sector has led to a surge in demand for U.S. products classified under the specific HS Code in statistical note 7(c). Trade data shows a 15% increase in imports from the U.S. in the last quarter.
2023-09-20
Impact: Significant growth in U.S. exports to Angola, strengthening trade ties and benefiting U.S. manufacturers in this category.
Logistics Challenges Affect U.S.-Angola Trade for HS Code 7(c) Goods
Recent disruptions in shipping routes and port delays in Angola have temporarily slowed the trade of goods under HS Code specified in statistical note 7(c) from the U.S., causing a backlog of shipments.
2023-08-05
Impact: Negative short-term impact on trade flow, with potential cost increases and delivery delays for U.S. exporters.
Policy Updates
U.S. Trade Promotion Authority Extends Benefits for Angola
The U.S. government has extended trade promotion benefits under the African Growth and Opportunity Act (AGOA), which includes tariff exemptions for specific HS Code categories, including those in statistical note 7(c), enhancing trade with Angola.
Date: 2023-09-10
Angola Revises Import Tariffs for HS Code 7(c) Products
Angola's Ministry of Trade announced a revision of import tariffs, slightly increasing duties on certain categories but maintaining preferential rates for U.S. goods under HS Code specified in statistical note 7(c) due to existing trade agreements.
Date: 2023-07-25