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Last updated: 1 year ago
News and Updates
Recent News
Limited Trade Activity for Hard Magnetic Disk Drives Between US and Eritrea
Recent trade data indicates minimal to no recorded trade of hard magnetic disk drive units (HS Code: 84717020) between the United States and Eritrea. This reflects ongoing limited economic engagement between the two nations.
October 2023
Impact: Negligible impact on trade due to the absence of significant trade volume in this category.
US Export Restrictions Continue to Affect Eritrea Trade
The US maintains strict export controls on high-tech goods, including hard magnetic disk drives, to Eritrea due to geopolitical tensions and sanctions, resulting in virtually no trade activity in this sector.
August 2023
Impact: Continued restrictions severely limit potential trade growth for hard magnetic disk drives.
Eritrea's Tech Import Challenges Persist
Eritrea faces ongoing challenges in importing advanced technology products like hard magnetic disk drives from the US, driven by sanctions and limited diplomatic relations.
June 2023
Impact: Trade barriers prevent the development of a market for US-made disk drives in Eritrea.
Policy Updates
US Sanctions on Eritrea Remain Unchanged
The US Department of Commerce continues to enforce sanctions under the Export Administration Regulations (EAR), restricting the export of technology products, including hard magnetic disk drives, to Eritrea without special licenses.
