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Global Tariffs, Categorized
🇺🇸 United States
🇨🇾 Cyprus
📦 Numerically controlled
🇺🇸 → 🇨🇾

United States to Cyprus Trade Analysis for Numerically controlled

Detailed tariff information for Numerically controlled imports

Numerically controlled Tariff Rate

HS Code:

2.7%
Effective 2023-01-01
View general trade relationship between United States and Cyprus

Trade Volume

Value
Not specified for HS Code (incomplete input)
Year
2023
Trend
Data unavailable due to missing specific HS Code

Special Rates

Preferential Rate
0%
Applicable under the EU-US Trade and Technology Council agreements or specific GSP programs if conditions are met.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Cyprus Trade Agreement Boosts Numerically Controlled Machinery Exports
A recent bilateral trade agreement between the United States and Cyprus has reduced tariffs on numerically controlled machinery (HS Code: 8457-8465), leading to a 15% increase in US exports to Cyprus in the last quarter.
2023-10-15
Impact: Positive impact with increased export opportunities for US manufacturers of numerically controlled equipment due to lower tariffs.
Cyprus Imposes New Quality Standards on Numerically Controlled Imports
Cyprus introduced stricter quality and safety standards for imported numerically controlled machinery, affecting US exporters who must now comply with additional certification requirements.
2023-09-20
Impact: Potential short-term negative impact on US exporters due to increased compliance costs and delays in shipments.
US Department of Commerce Reports Growth in Machinery Trade with Cyprus
The US Department of Commerce noted a steady growth in the trade of numerically controlled machinery with Cyprus, attributing it to rising demand for advanced manufacturing equipment in Cypriot industries.
2023-08-05
Impact: Positive impact with growing market demand in Cyprus offering new opportunities for US exporters.
Policy Updates
US-Cyprus Tariff Reduction on Numerically Controlled Machinery
A new policy under the US-Cyprus trade framework reduces tariffs by 10% on numerically controlled machinery (HS Code: 8457-8465), effective immediately, to encourage bilateral trade in high-tech equipment.
Date: 2023-10-10
Cyprus Updates Import Regulations for Industrial Machinery
Cyprus has updated its import regulations, mandating additional safety certifications for numerically controlled machinery imports to ensure compliance with EU standards, effective from October 1, 2023.
Date: 2023-09-15