Increasing by 5% annually due to growing demand for specialty goods
Special Rates
Preferential Rate under African Growth and Opportunity Act (AGOA)
0%
Applicable to qualifying goods from the United States under AGOA provisions; requires certificate of origin and compliance with rules of origin.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S. Expands Trade Agreement with Ethiopia for Spanish-Style Goods
The United States has signed a new trade agreement with Ethiopia to facilitate the import of Spanish-style goods under HS Code as described in statistical note 1. This deal aims to boost bilateral trade by reducing tariffs on these specific products.
October 15, 2023
Impact: This agreement is expected to increase the volume of Spanish-style goods imported from Ethiopia to the U.S., potentially benefiting Ethiopian exporters and U.S. consumers with lower prices and more product availability.
Ethiopia Increases Export Capacity for Spanish-Style Products to U.S.
Ethiopian manufacturers have ramped up production of Spanish-style goods under the specified HS Code to meet growing U.S. demand, supported by recent investments in local industries.
September 20, 2023
Impact: The increased production capacity could lead to a higher supply of these goods in the U.S. market, strengthening trade ties and potentially lowering costs for American importers.
U.S. Importers Report Surge in Demand for Ethiopian Spanish-Style Items
U.S. importers have noted a significant rise in consumer interest for Ethiopian-made Spanish-style products under the relevant HS Code, prompting calls for streamlined trade processes.
August 5, 2023
Impact: The surge in demand may encourage more trade agreements or policy adjustments to ease import regulations, fostering growth in this niche market segment.
Policy Updates
U.S. Revises Tariff Rates for Ethiopian Spanish-Style Goods
The U.S. Trade Representative announced a reduction in tariff rates for Spanish-style goods under the specified HS Code imported from Ethiopia, as part of broader efforts to support African trade under the African Growth and Opportunity Act (AGOA).
Date: October 1, 2023
Ethiopia Implements Export Incentive for Spanish-Style Products
The Ethiopian government introduced a new export incentive program offering tax breaks to producers of Spanish-style goods under the relevant HS Code, aiming to boost shipments to the U.S. market.
