Unavailable (Limited data on specific HS code trade between US and Eritrea)
Year
2023
Trend
No significant trend data available due to limited trade statistics.
Special Rates
Preferential Rate
0%
Applicable under specific trade agreements or for development projects approved by the Eritrean government.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
Limited Trade Activity for DSPs Between US and Eritrea
Recent trade data indicates minimal to no recorded transactions of Digital Signal Processors (DSPs, HS Code: 8542.31) between the United States and Eritrea in the past year. This reflects the broader trend of limited economic engagement between the two nations.
October 2023
Impact: Negligible impact on trade due to the absence of significant DSP transactions; potential for future trade remains unexplored.
US Export Restrictions Impacting Tech Trade with Eritrea
The US continues to enforce strict export controls on high-tech goods, including DSPs, to Eritrea due to ongoing geopolitical concerns and sanctions. This restricts any potential trade in electronic components.
August 2023
Impact: Significant barrier to DSP trade; US companies are unable to export such technology to Eritrea without special licenses.
Eritrea's Tech Import Challenges Persist
Eritrea faces challenges in importing advanced technologies like DSPs due to limited foreign exchange reserves and international sanctions, affecting potential trade with the US.
June 2023
Impact: Trade in DSPs remains constrained; Eritrea's economic situation limits demand and ability to engage in high-tech imports.
Policy Updates
US Maintains Sanctions on Eritrea
The US Department of Commerce has reiterated export controls under the Entity List and sanctions regimes, restricting the export of dual-use technologies, including DSPs, to Eritrea. These measures are tied to national security and regional stability concerns.
