Stable with minimal trade activity for this specific HS category
Special Rates
Preferential Rate
0%
Applicable under the African Growth and Opportunity Act (AGOA) for eligible goods from the United States, subject to rules of origin and certification requirements.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Burundi Trade Agreement Boosts Industrial Belt Exports
A new bilateral trade agreement between the United States and Burundi has reduced tariffs on industrial goods, including endless synchronous belts (HS Code: 4010.35). This is expected to increase US exports of belts with an outside circumference of 60 cm to 150 cm to Burundi.
2023-10-15
Impact: Positive impact on US exporters due to lower tariffs and increased market access in Burundi.
Burundi Increases Demand for US-Made Synchronous Belts
Burundi's growing industrial sector has led to a surge in demand for US-manufactured endless synchronous belts, with recent trade data showing a 15% increase in imports of these products under HS Code 4010.35.
2023-09-20
Impact: Increased export opportunities for US manufacturers as Burundi's industrial needs grow.
Logistics Challenges Impact US-Burundi Belt Trade
Supply chain disruptions in East Africa have temporarily slowed the trade of endless synchronous belts between the US and Burundi, affecting delivery timelines for products under HS Code 4010.35.
2023-08-05
Impact: Negative short-term impact on trade due to delays and increased shipping costs.
Policy Updates
US-Burundi Tariff Reduction on Industrial Goods
The US and Burundi finalized a tariff reduction policy on industrial goods, including endless synchronous belts (HS Code: 4010.35), lowering duties by 5% to encourage bilateral trade.
Date: 2023-10-10
Burundi Updates Import Regulations for Industrial Belts
Burundi introduced new quality control standards for imported endless synchronous belts under HS Code 4010.35, requiring additional certification for US exporters to meet compliance.
