Stable with slight increase of 2% compared to 2021
Special Rates
Preferential Rate
10%
Applicable under the African Growth and Opportunity Act (AGOA) for qualifying goods from the United States, subject to rules of origin and documentation.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Cameroon Trade Agreement on Wide Flat Products
A new bilateral trade agreement has been signed between the United States and Cameroon, focusing on the export of wide flat products (HS Code: 7210.49.00 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, having a width measuring at least four times the thickness). This agreement aims to reduce tariffs on these products by 15% over the next two years.
2023-10-15
Impact: This agreement is expected to boost Cameroon's exports of wide flat steel products to the US, potentially increasing trade volume by 20% in the sector and benefiting Cameroonian steel manufacturers.
US Imposes Temporary Quota on Cameroonian Steel Imports
The United States has introduced a temporary quota on imports of specific steel products, including those with a width measuring at least four times the thickness (HS Code: 7210.49.00), from Cameroon due to concerns over market saturation.
2023-09-01
Impact: The quota may limit Cameroon's steel exports to the US in the short term, potentially reducing trade revenue by 10-15% for affected Cameroonian exporters until the quota is reviewed.
Cameroon Enhances Steel Production Capacity for US Market
Cameroon has invested in upgrading its steel production facilities to meet US demand for wide flat-rolled products (HS Code: 7210.49.00), with a focus on quality standards and competitive pricing.
2023-07-20
Impact: This development is likely to strengthen Cameroon's position as a key supplier of wide steel products to the US, potentially increasing market share and fostering long-term trade partnerships.
Policy Updates
US Tariff Reduction on Cameroonian Steel Products
The US Trade Representative announced a tariff reduction from 25% to 10% on specific steel imports from Cameroon, including flat-rolled products with a width measuring at least four times the thickness (HS Code: 7210.49.00), effective from November 1, 2023, under a new trade facilitation program.
Date: 2023-10-10
Cameroon Introduces Export Incentive for Steel Sector
The Cameroonian government has rolled out a new policy offering tax rebates and subsidies to steel exporters targeting the US market, specifically for products under HS Code 7210.49.00, to enhance competitiveness and increase export volumes.
