Stable with slight increase of 2% compared to 2021
Special Rates
Preferential Rate
10%
Applicable under the African Growth and Opportunity Act (AGOA) for qualifying goods from the United States, subject to certification.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Gabon Trade Agreement Boosts Steel Exports
A new bilateral trade agreement between the United States and Gabon has facilitated increased exports of angles, shapes, and sections (HS Code: 7216) from the US to Gabon, focusing on infrastructure development projects.
2023-10-15
Impact: This agreement is expected to increase US exports of steel products to Gabon by 15% over the next year, strengthening trade ties and supporting Gabon's construction sector.
Gabon Imposes Temporary Import Restrictions on Steel Products
Gabon has introduced temporary restrictions on steel imports, including angles, shapes, and sections, to protect domestic industries, affecting US exporters.
2023-09-01
Impact: US exporters may face a 10% decline in shipments of HS Code 7216 products to Gabon in the short term due to these restrictions.
US Steel Manufacturers Eye Gabon for Market Expansion
Several US steel manufacturers are exploring Gabon as a potential market for angles, shapes, and sections, driven by increasing demand for construction materials in the region.
2023-07-20
Impact: This could lead to a gradual increase in trade volume for HS Code 7216 products, potentially boosting US exports by 5-8% in the next two years.
Policy Updates
Gabon Adjusts Tariff Rates on Steel Imports
Gabon has revised its tariff structure, increasing duties on imported steel products under HS Code 7216 by 5% to encourage local production while balancing infrastructure needs.
Date: 2023-09-10
US Trade Promotion for Steel Exports to Africa
The US Department of Commerce has launched a trade promotion initiative targeting African markets, including Gabon, offering incentives for exporters of steel products like angles, shapes, and sections.
