Applicable under the African Growth and Opportunity Act (AGOA) for qualifying goods from the United States, subject to certification.
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Last updated: 1 year ago
News and Updates
Recent News
US Increases Imports of Compression-Type Goods from Equatorial Guinea
Recent trade data shows a 12% increase in the import of compression-type goods (specific HS Code pending clarification) from Equatorial Guinea to the United States in Q3 2023, driven by rising demand in industrial sectors.
2023-10-15
Impact: This surge may strengthen bilateral trade ties and encourage further investment in Equatorial Guinea's export infrastructure for these goods.
Equatorial Guinea Seeks to Expand Compression-Type Exports to US
Equatorial Guinea's trade ministry announced plans to boost production of compression-type products (HS Code to be specified) to meet growing US market needs, following a trade delegation visit to Washington.
2023-09-22
Impact: Potential increase in export volume could lead to more competitive pricing and higher market share for Equatorial Guinea in the US.
US Customs Implements Stricter Inspections on Compression-Type Imports
US Customs and Border Protection introduced enhanced inspection protocols for compression-type goods (HS Code pending) from multiple countries, including Equatorial Guinea, to ensure compliance with safety standards.
2023-08-30
Impact: Possible delays in clearance and increased compliance costs for Equatorial Guinea exporters, potentially affecting trade flow.
Policy Updates
US Updates Tariff Classification for Compression-Type Goods
The US International Trade Commission issued a revised tariff classification and duty structure for certain compression-type products (HS Code to be confirmed), aiming to standardize import regulations. Equatorial Guinea exporters are advised to review compliance requirements.
