US-Botswana Trade Agreement Boosts Machinery Exports
A recent bilateral trade agreement between the US and Botswana has facilitated an increase in exports of machinery, including items under HS Code 8501.33 (motors of an output exceeding 75 kW but not exceeding 375 kW), with streamlined customs processes.
2023-10-15
Impact: This agreement is expected to increase US exports of industrial motors to Botswana by 15% over the next year, strengthening trade ties.
Botswana Increases Demand for US Industrial Motors
Botswana's growing mining sector has led to a surge in demand for US-made electric motors (HS Code 8501.33), with orders rising by 10% in the last quarter.
2023-09-22
Impact: This demand spike is likely to benefit US manufacturers, potentially leading to job growth in the industrial equipment sector.
US Exporters Face Logistics Challenges in Botswana Trade
US exporters of machinery, including motors under HS Code 8501.33, have reported delays at Botswana ports due to infrastructure bottlenecks, affecting delivery timelines.
2023-08-05
Impact: These delays could temporarily reduce trade volumes and increase costs for US exporters until logistical issues are resolved.
