Stable with slight increase of 2% from previous year
Special Rates
Preferential Rate
0%
Applicable under the EU-US Trade and Technology Council agreements or specific GSP schemes if criteria are met.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Cyprus Trade Agreement on Printing Technology
A new bilateral trade agreement between the United States and Cyprus has been signed to facilitate the export of printing technologies, including equipment for operating by reproducing the original image via an intermediate onto the copy (indirect process). This agreement aims to reduce tariffs and streamline customs processes.
2023-10-15
Impact: This agreement is expected to boost trade volume in printing technology between the two countries, benefiting US manufacturers with increased access to the Cypriot market and reducing costs for Cypriot businesses.
Increased Demand for US Printing Equipment in Cyprus
Recent market reports indicate a growing demand for US-made printing machinery in Cyprus, particularly for indirect process reproduction technologies. Cypriot companies are investing in modernizing their printing infrastructure.
2023-09-20
Impact: The surge in demand is likely to increase US exports to Cyprus, strengthening trade ties and potentially leading to job growth in the US printing equipment sector.
US Trade Delegation Visits Cyprus to Discuss Printing Sector Collaboration
A US trade delegation visited Cyprus to explore opportunities for collaboration in the printing industry, focusing on technologies related to indirect process reproduction. Discussions included potential joint ventures and technology transfers.
2023-08-05
Impact: This visit could pave the way for enhanced cooperation, increasing trade in specialized printing equipment and fostering innovation between the two nations.
Policy Updates
US-Cyprus Tariff Reduction on Printing Machinery
The US and Cyprus have agreed to reduce tariffs on printing machinery, including equipment classified under HS codes related to indirect process reproduction. This policy aims to encourage trade and investment in the sector.
Date: 2023-10-10
Cyprus Updates Import Regulations for Printing Equipment
Cyprus has revised its import regulations to simplify the certification process for US-made printing equipment, ensuring compliance with EU standards while reducing administrative burdens for importers.
