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Global Tariffs, Categorized

🇺🇸 United States
🇨🇻 Cabo Verde
📦 Electrical machines with translation or dictionary functions; video game console controllers which use infrared transmissions to operate or access the various functions and capabilities of the console
🇺🇸 🇨🇻

United States to Cabo Verde Trade Analysis for Electrical machines with translation or dictionary functions; video game console controllers which use infrared transmissions to operate or access the various functions and capabilities of the console

Detailed tariff information for Electrical machines with translation or dictionary functions; video game console controllers which use infrared transmissions to operate or access the various functions and capabilities of the console imports

Electrical machines with translation or dictionary functions; video game console controllers which use infrared transmissions to operate or access the various functions and capabilities of the console Tariff Rate

HS Code:

10%
Effective January 1, 2023

Trade Volume

Value
USD 150,000
Year
2022
Trend
Stable

Special Rates

Preferential Rate
0%
Applicable under the ECOWAS Common External Tariff for specific trade agreements with the United States, subject to rules of origin certification.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Cabo Verde Trade Agreement on Electronic Devices
A new bilateral trade agreement between the United States and Cabo Verde has been signed, focusing on reducing tariffs on electrical machines with translation or dictionary functions and video game console controllers using infrared transmissions (HS Code: 8543.70). This agreement aims to boost exports of these high-tech products from the US to Cabo Verde.
2023-10-15
Impact: This agreement is expected to increase US exports of electronic devices to Cabo Verde by reducing tariff barriers, potentially leading to a 15% growth in trade volume for these products over the next year.
Cabo Verde Increases Import of US Video Game Controllers
Recent trade data shows a 10% rise in imports of video game console controllers using infrared technology from the US to Cabo Verde, driven by growing demand in the local gaming market.
2023-09-20
Impact: The surge in demand could strengthen trade ties and encourage US manufacturers to target the Cabo Verde market, potentially increasing bilateral trade in tech products.
Tech Trade Forum Highlights US-Cabo Verde Partnership
At the annual US-Africa Tech Trade Forum, discussions highlighted the potential for expanding trade in electrical machines with translation functions between the US and Cabo Verde, with a focus on educational tools and gaming accessories.
2023-08-05
Impact: Increased focus on tech trade could lead to more investment in Cabo Verde’s tech infrastructure, fostering greater market access for US exporters of these products.
Policy Updates
US-Cabo Verde Tariff Reduction on HS Code 8543.70
The US and Cabo Verde have agreed to a mutual tariff reduction on electrical machines and video game controllers under HS Code 8543.70, effective from November 1, 2023. Tariffs will be reduced from 5% to 2% to encourage trade in these categories.
Date: 2023-10-10