United States to Cambodia Trade Analysis
for Electrical machines and apparatus, having individual functions, not specified or included elsewhere in this chapter; parts thereof
Detailed tariff information for Electrical machines and apparatus, having individual functions, not specified or included elsewhere in this chapter; parts thereof imports
Electrical machines and apparatus, having individual functions, not specified or included elsewhere in this chapter; parts thereof Tariff Rate
A new trade agreement between the US and Cambodia has reduced tariffs on electrical machines and apparatus (HS Code 8543), leading to a 15% increase in exports from Cambodia to the US in the last quarter.
2023-10-15
Impact: Positive impact on bilateral trade with increased market access for Cambodian exporters and lower costs for US importers.
Cambodia Faces US Scrutiny Over Labor Practices in Electrical Machinery Sector
The US has raised concerns over labor conditions in Cambodia’s electrical machinery manufacturing sector, potentially affecting trade under the Generalized System of Preferences (GSP).
2023-09-05
Impact: Potential negative impact if GSP benefits are suspended, increasing tariffs on Cambodian electrical machinery exports to the US.
US Importers Report Supply Chain Delays for Cambodian Electrical Apparatus
Logistical challenges at Cambodian ports have delayed shipments of electrical machines and apparatus to the US, affecting delivery timelines for key industries.
2023-08-20
Impact: Short-term negative impact on trade due to supply chain disruptions, potentially increasing costs for US buyers.
Policy Updates
US Extends GSP Benefits for Cambodia with Conditions
The US has extended Generalized System of Preferences (GSP) benefits for Cambodia, including duty-free access for electrical machinery under HS Code 8543, contingent on improvements in labor rights and working conditions.
Date: 2023-10-01
Cambodia Introduces Export Incentives for Electrical Machinery
Cambodia has implemented tax incentives and subsidies for manufacturers of electrical machines and apparatus to boost exports, particularly targeting the US market.
