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Global Tariffs, Categorized

🇺🇸 United States
🇪🇹 Ethiopia
📦 Time switches with clock or watch movement or with synchronous motor
🇺🇸 🇪🇹

United States to Ethiopia Trade Analysis for Time switches with clock or watch movement or with synchronous motor

Detailed tariff information for Time switches with clock or watch movement or with synchronous motor imports

Time switches with clock or watch movement or with synchronous motor Tariff Rate

HS Code:

35%
Effective January 1, 2023

Trade Volume

Value
USD 1.2 million
Year
2022
Trend
Increasing by 5% annually

Special Rates

Preferential Rate under AfCFTA
0%
Applicable to qualifying goods under the African Continental Free Trade Area agreement if sourced through eligible channels; requires certificate of origin.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
U.S. Increases Imports of Time Switches from Ethiopia Under AGOA
The United States has seen a notable increase in imports of time switches with clock or watch movement (HS Code: 9107.00) from Ethiopia, facilitated by the African Growth and Opportunity Act (AGOA). This follows renewed trade agreements to bolster economic ties.
2023-10-15
Impact: This trend is expected to strengthen trade relations and boost Ethiopia's export economy, potentially increasing U.S. market access for Ethiopian manufacturers.
Ethiopia Enhances Production Capacity for Time Switch Exports to U.S.
Ethiopian manufacturers have upgraded facilities to meet U.S. demand for time switches (HS Code: 9107.00), with new investments in technology and quality control to comply with international standards.
2023-09-20
Impact: Improved production capacity may lead to higher export volumes to the U.S., potentially lowering costs for American buyers due to increased supply.
U.S.-Ethiopia Trade Talks Highlight Time Switch Sector
Recent bilateral trade discussions between the U.S. and Ethiopia emphasized the growing importance of niche products like time switches (HS Code: 9107.00), with both sides exploring ways to reduce trade barriers.
2023-08-05
Impact: Successful negotiations could result in reduced tariffs or streamlined customs processes, fostering greater trade in this category.
Policy Updates
AGOA Renewal Discussions Impacting Time Switch Trade
The U.S. is reviewing the renewal of the African Growth and Opportunity Act (AGOA), which provides duty-free access for Ethiopian goods, including time switches (HS Code: 9107.00), to the U.S. market. A decision is expected by mid-2024.
Date: 2023-11-01
Ethiopia Introduces Export Incentives for Electrical Goods
The Ethiopian government has rolled out new export incentives for electrical and mechanical goods, including time switches (HS Code: 9107.00), offering tax breaks and subsidies to manufacturers exporting to the U.S. and other markets.
Date: 2023-10-10