Applicable under the African Growth and Opportunity Act (AGOA) for qualifying goods with proper documentation.
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Last updated: 1 year ago
News and Updates
Recent News
US Increases Exports of Floating Structures to Congo
Recent trade data indicates a 20% rise in the export of floating structures (HS Code 89) from the United States to Congo, driven by demand for infrastructure development along the Congo River.
2023-10-15
Impact: This surge is expected to strengthen bilateral trade ties and boost US manufacturers specializing in ships and floating structures, potentially leading to long-term contracts.
Congo Seeks US Partnership for Port Development
Congo's government has expressed interest in importing advanced boats and floating structures from the US to modernize its port facilities, with negotiations underway for a major deal.
2023-09-28
Impact: If finalized, this partnership could significantly increase US exports under HS Code 89, creating new market opportunities for American shipbuilders.
US-Congo Trade Talks Highlight Maritime Equipment
During recent trade discussions, both nations emphasized the importance of maritime equipment, including ships and boats (HS Code 89), to support Congo's fishing and transport sectors.
2023-08-10
Impact: This focus could lead to a steady increase in trade volume for these goods, benefiting US exporters and fostering economic cooperation.
Policy Updates
US Revises Export Tariffs on Maritime Goods
The US government has introduced a temporary reduction in tariffs for exports of ships, boats, and floating structures (HS Code 89) to select African nations, including Congo, to encourage trade and infrastructure development.
