Stable with slight increase of 2% compared to 2021
Special Rates
Preferential Rate
0%
Applicable under the Stabilization and Association Agreement (SAA) with the EU, if the product meets rules of origin and is accompanied by proper documentation. Note: The United States may not directly benefit unless routed through an EU member state with relevant agreements.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US Increases Imports of High-Power Engines from Bosnia and Herzegovina
Recent trade data shows a 12% increase in imports of engines with net power between 119.4 kW and 194 kW (HS Code: 8408.20) from Bosnia and Herzegovina to the United States, driven by demand in the industrial sector.
2023-10-15
Impact: This surge could strengthen bilateral trade ties and encourage further investment in Bosnia's manufacturing sector, though it may face scrutiny under US trade balance policies.
Bosnia and Herzegovina Exporters Face New US Compliance Standards
The US has introduced stricter emission and safety compliance requirements for imported engines in the 119.4 kW to 194 kW range, affecting exporters from Bosnia and Herzegovina.
2023-09-22
Impact: Exporters may face increased costs and delays in meeting these standards, potentially reducing trade volume in the short term unless adaptations are made swiftly.
Trade Agreement Discussions Include Engine Sector
Ongoing trade talks between the US and Bosnia and Herzegovina have highlighted the engine sector (119.4 kW to 194 kW) as a key area for tariff reductions and market access improvements.
2023-08-30
Impact: If successful, these talks could lower trade barriers, boosting export potential for Bosnia and Herzegovina and increasing US access to competitively priced engines.
Policy Updates
US Updates Tariff Classification for Engine Imports
The US Customs and Border Protection agency has revised documentation and classification requirements for engines under HS Code 8408.20, affecting imports from Bosnia and Herzegovina. Exporters must now provide additional certification for power output compliance.
Date: 2023-10-01
Bosnia and Herzegovina Implements Export Incentive Program
The government of Bosnia and Herzegovina has launched a subsidy program for exporters of industrial engines, including those in the 119.4 kW to 194 kW range, to encourage trade with key markets like the US.
