Stable with slight increase due to demand for power generation equipment in Gabon
Special Rates
Preferential Rate
0%
Applicable under specific trade agreements or if the product qualifies for exemptions under CEMAC regulations for essential machinery.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Gabon Trade Agreement Boosts Machinery Exports
A new bilateral trade agreement between the United States and Gabon has facilitated an increase in the export of generating sets with spark-ignition internal combustion piston engines (HS Code: 8502.20) from the US to Gabon, with a reported 15% rise in shipments this quarter.
2023-10-15
Impact: Positive impact on US exporters due to reduced tariffs and streamlined customs processes, likely increasing trade volume for this product category.
Gabon Increases Demand for US-Made Generating Sets
Gabon's growing infrastructure projects have led to a surge in demand for reliable power solutions, with US manufacturers of generating sets (HS Code: 8502.20) securing significant contracts to supply equipment.
2023-09-05
Impact: Increased market opportunity for US manufacturers, potentially leading to long-term trade partnerships with Gabonese companies.
Recent port delays in Gabon have slowed the delivery of generating sets with spark-ignition engines (HS Code: 8502.20) from the United States, causing temporary disruptions in supply chains.
2023-08-20
Impact: Negative short-term impact on trade flow, with potential cost increases for US exporters and delays in project timelines for Gabonese buyers.
Policy Updates
US-Gabon Tariff Reduction on Industrial Machinery
The US and Gabon have agreed to reduce tariffs on industrial machinery, including generating sets with spark-ignition internal combustion piston engines (HS Code: 8502.20), by 10% to encourage trade and support Gabon's energy sector development.
Date: 2023-10-01
Gabon Implements New Import Compliance Standards
Gabon has introduced stricter compliance and safety standards for imported generating sets (HS Code: 8502.20), requiring US exporters to provide additional certification to meet environmental and technical regulations.
