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Last updated: 1 year ago
News and Updates
Recent News
US-Gabon Trade Agreement Boosts Textile Imports
A new bilateral trade agreement between the United States and Gabon has reduced tariffs on goods with outer surfaces of sheeting of plastics or textile materials (HS Code: 3921.90), leading to a 15% increase in imports from Gabon to the US.
2023-10-15
Impact: Positive impact on trade volume, with US importers benefiting from lower costs and Gabon exporters gaining market access.
Gabon Increases Export Capacity for Plastic Sheeting Products
Gabon has invested in new manufacturing facilities to increase production of plastic sheeting and textile materials, targeting the US market under favorable trade terms.
2023-09-20
Impact: Expected to enhance supply to the US, potentially increasing competition with domestic producers.
US Importers Report Quality Concerns with Gabonese Textile Materials
Several US importers have raised concerns over inconsistent quality in shipments of textile materials from Gabon, prompting discussions for stricter quality controls.
2023-08-05
Impact: Possible short-term decline in trade if quality issues persist, potentially affecting trust in Gabonese exporters.
Policy Updates
US-Gabon Tariff Reduction on HS Code 3921.90
The US has implemented a tariff reduction on imports of goods with outer surfaces of sheeting of plastics or textile materials from Gabon as part of the African Growth and Opportunity Act (AGOA) renewal, aiming to strengthen economic ties.
Date: 2023-10-01
Gabon Updates Export Regulations for Textile Materials
Gabon has introduced new export certification requirements for plastic and textile sheeting products to ensure compliance with international standards, affecting shipments to the US.
