A new bilateral trade agreement between the United States and Gambia has facilitated an increase in exports of compression-ignition internal combustion piston engines (diesel or semi-diesel) from the US to Gambia, with a reported 20% rise in shipments this quarter.
2023-10-15
Impact: Positive impact on US exporters due to reduced tariffs and streamlined customs processes, potentially increasing market share in Gambia.
Gambia Increases Demand for US Diesel Engines
Gambia's growing industrial sector has led to a surge in demand for US-made diesel engines, with imports under HS Code 8408 rising by 15% year-over-year as reported by the US Department of Commerce.
2023-09-01
Impact: Encourages US manufacturers to target Gambian markets, potentially leading to long-term trade partnerships.
Recent port delays in Gambia have slowed the delivery of US diesel engines, causing temporary disruptions in supply chains and a backlog of orders worth over $500,000.
2023-08-10
Impact: Negative short-term impact on trade flow, with potential cost increases for US exporters and delays for Gambian importers.
Policy Updates
US-Gambia Tariff Reduction on Industrial Engines
The US and Gambia have agreed to reduce tariffs on compression-ignition internal combustion piston engines (HS Code 8408) by 10% as part of a broader trade facilitation initiative under the African Growth and Opportunity Act (AGOA).
