United States to Eswatini Trade Analysis
for Rendition of geophysical or contracting services in connection with the exploration for, or the extraction or development of, natural resources
Detailed tariff information for Rendition of geophysical or contracting services in connection with the exploration for, or the extraction or development of, natural resources imports
Rendition of geophysical or contracting services in connection with the exploration for, or the extraction or development of, natural resources Tariff Rate
Stable with slight growth due to increased demand for geophysical services in natural resource exploration.
Special Rates
Preferential Rate
0%
Applicable under the African Growth and Opportunity Act (AGOA) for qualifying goods and services from the United States, subject to compliance with rules of origin and documentation.
A recent bilateral trade agreement between the United States and Eswatini has facilitated increased cooperation in geophysical services related to natural resource exploration. The agreement aims to streamline service contracts for US companies operating in Eswatini.
2023-10-15
Impact: This is likely to increase US exports of geophysical and contracting services to Eswatini, fostering investment in natural resource exploration and development.
Eswatini Opens New Bidding for Resource Extraction Contracts
Eswatini's government announced an open bidding process for international firms to provide geophysical services and contracting for natural resource extraction, with several US-based companies expressing interest.
2023-09-20
Impact: This presents an opportunity for US firms to expand their footprint in Eswatini's resource sector, potentially increasing trade volume in this category.
US Firm Secures Major Geophysical Contract in Eswatini
A leading US geophysical services company has been awarded a multi-million-dollar contract to assist in the exploration of mineral resources in Eswatini, marking a significant milestone in bilateral trade relations.
2023-08-05
Impact: This contract strengthens trade ties and could lead to further collaborations between US service providers and Eswatini's resource sector.
Policy Updates
US-Eswatini Trade Facilitation Agreement
The United States and Eswatini signed a trade facilitation agreement under the African Growth and Opportunity Act (AGOA), reducing barriers for service-based trade, including geophysical and contracting services for natural resource exploration and extraction.
Date: 2023-10-10
Eswatini Updates Foreign Investment Policy for Resource Sector
Eswatini revised its foreign investment policies to encourage international participation in natural resource development, offering incentives for geophysical service providers and contractors, including those from the United States.
