A new bilateral trade agreement between the United States and Cabo Verde has facilitated the export of industrial scales with a weighing capacity between 30 kg and 5,000 kg (HS Code: 8423.82). The agreement reduces tariffs by 15% on such equipment, encouraging US manufacturers to tap into the growing Cabo Verdean market.
2023-10-15
Impact: Positive impact on US exporters of industrial scales, with reduced tariffs likely increasing demand in Cabo Verde.
Cabo Verde Infrastructure Projects Drive Demand for US Weighing Equipment
Cabo Verde's ongoing port and logistics infrastructure projects have led to a surge in demand for weighing equipment in the 30 kg to 5,000 kg range. US suppliers reported a 20% increase in exports to the region over the past quarter.
2023-09-20
Impact: Increased export opportunities for US companies specializing in mid-range weighing equipment, supporting trade growth.
US Trade Mission to Cabo Verde Highlights Weighing Machinery Sector
A US trade delegation visited Cabo Verde to strengthen economic ties, with a focus on machinery exports including weighing equipment under HS Code 8423.82. Discussions centered on meeting local demand for reliable industrial scales in agriculture and shipping sectors.
2023-08-05
Impact: Potential for long-term trade partnerships, increasing market access for US weighing equipment manufacturers.
Policy Updates
US-Cabo Verde Tariff Reduction on Industrial Machinery
The United States and Cabo Verde finalized a tariff reduction policy on industrial machinery, including weighing equipment with a capacity between 30 kg and 5,000 kg (HS Code: 8423.82). Tariffs are reduced from 20% to 5%, effective immediately, to promote trade in essential industrial tools.
