Limited data due to U.S. embargo; specific figures for HS code not publicly available
Year
2023
Trend
Minimal trade activity due to ongoing restrictions
Special Rates
Preferential Rate
Not Applicable
No preferential trade agreement exists between the United States and Cuba for this product category due to the U.S. trade embargo.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S. Eases Restrictions on Certain Industrial Goods Exports to Cuba
The U.S. Department of Commerce announced a relaxation of export controls for specific industrial items, including tapered goods of a thickness greater than the maximum diameter under HS Code, to support private sector growth in Cuba.
2023-05-15
Impact: This could increase the export volume of specialized tapered goods from the U.S. to Cuba, fostering limited trade growth in niche industrial sectors despite broader embargo constraints.
Cuba Seeks U.S. Imports for Infrastructure Development Amidst Embargo
Cuban officials expressed interest in importing U.S.-made industrial components, including tapered goods, to aid infrastructure projects, though strict U.S. embargo rules continue to limit transactions.
2023-03-22
Impact: Demand for tapered goods may rise, but trade remains heavily restricted due to existing U.S. sanctions, with little immediate impact on bilateral trade flows.
U.S. Reviews Export Licenses for Specialized Machinery Parts to Cuba
The U.S. government initiated a review of export license applications for machinery parts, including tapered goods under specific HS Codes, to evaluate potential humanitarian exemptions for Cuba.
2022-11-10
Impact: Pending approvals could open small avenues for trade in tapered goods, though significant barriers remain due to the overarching trade embargo.
Policy Updates
U.S. Department of Commerce Updates Cuba Export Control List
The U.S. Department of Commerce revised the Export Administration Regulations (EAR) to allow limited exports of industrial goods, potentially including tapered items of specific dimensions under HS Code, to non-governmental entities in Cuba under strict licensing conditions.
Date: 2023-05-14
OFAC Clarifies Sanctions on Industrial Trade with Cuba
The Office of Foreign Assets Control (OFAC) issued a statement reiterating that most trade with Cuba, including industrial goods like tapered products, remains prohibited under the Cuban Assets Control Regulations, with exceptions requiring specific licenses.
