US-Bangladesh Trade Agreement Boosts Submersible Motor Exports
A new trade agreement between the US and Bangladesh has facilitated an increase in exports of submersible multi-phase motors (HS 8501.53.60) used with pumps. The agreement reduces tariffs, making these cylindrical motors, with specific dimensions and power output, more competitive in the Bangladeshi market.
2023-10-15
Impact: Expected to increase US exports of submersible motors to Bangladesh by 15% over the next year due to reduced tariff barriers.
Bangladesh Increases Demand for US-Made Submersible Motors
Rising infrastructure projects in Bangladesh have led to a surge in demand for high-power submersible motors from the US, specifically those with diameters between 22-35 cm and power output of 149.2-150 kW. US manufacturers are scaling up production to meet this demand.
2023-09-20
Impact: Strengthens trade ties, with potential for long-term contracts between US suppliers and Bangladeshi infrastructure firms.
Logistics Challenges Impact US-Bangladesh Motor Shipments
Recent port congestion in Bangladesh has delayed shipments of submersible multi-phase motors from the US. The affected motors, classified under HS 8501.53.60, are critical for ongoing water management projects in the region.
2023-08-05
Impact: Temporary slowdown in trade flow, with potential cost increases for US exporters due to delayed deliveries.
