Logo

Whatariff.com

Global Tariffs, Categorized
🇺🇸 United States
🇬🇷 Greece
📦 Automatic Data Processing Machines and Units Thereof; Magnetic or Optical Readers, Machines for Transcribing Data onto Data Media in Coded Form and Machines for Processing Such Data, Not Elsewhere Specified or Included
🇺🇸 → 🇬🇷

United States to Greece Trade Analysis for Automatic Data Processing Machines and Units Thereof; Magnetic or Optical Readers, Machines for Transcribing Data onto Data Media in Coded Form and Machines for Processing Such Data, Not Elsewhere Specified or Included

Detailed tariff information for Automatic Data Processing Machines and Units Thereof; Magnetic or Optical Readers, Machines for Transcribing Data onto Data Media in Coded Form and Machines for Processing Such Data, Not Elsewhere Specified or Included imports

Automatic Data Processing Machines and Units Thereof; Magnetic or Optical Readers, Machines for Transcribing Data onto Data Media in Coded Form and Machines for Processing Such Data, Not Elsewhere Specified or Included Tariff Rate

HS Code:

0%
Effective 2023-01-01
View general trade relationship between United States and Greece

Trade Volume

Value
Approximately $150 million USD
Year
2022
Trend
Stable with slight growth due to demand for tech equipment in Greece

Special Rates

Preferential Rate
0%
Applicable under the EU-US Trade and Technology Council agreements and GSP if conditions are met.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Greece Tech Trade Boost with New Data Processing Equipment Deal
A major US tech firm signed a deal to export advanced automatic data processing machines (HS Code 8471) to Greece, marking a significant increase in bilateral trade for tech equipment.
2023-10-15
Impact: This deal is expected to increase US exports to Greece by 15% in the tech sector, fostering stronger economic ties and potential for further collaborations.
Greece Increases Import of US Data Transcription Machines
Greek businesses have ramped up imports of US-made machines for transcribing data onto media in coded form, driven by demand in digital infrastructure projects.
2023-09-22
Impact: The surge in imports may lead to a temporary trade imbalance, with Greece's tech import expenditure rising by approximately $5 million this quarter.
Trade Talks Highlight Data Processing Equipment as Key Sector
During recent US-Greece trade discussions, both nations emphasized the importance of automatic data processing units as a growth area for bilateral trade under HS Code 8471.
2023-08-30
Impact: These discussions could pave the way for reduced tariffs or streamlined customs processes, potentially increasing trade volume by 10% in the next year.
Policy Updates
US Updates Export Controls on Data Processing Tech to Greece
The US Department of Commerce introduced new export licensing requirements for certain automatic data processing machines (HS Code 8471) to ensure compliance with security standards, affecting shipments to Greece.
Date: 2023-09-10
Greece Aligns with EU Digital Equipment Import Regulations
Greece adopted updated EU regulations on the import of data processing and transcription machines, introducing stricter safety and environmental standards for US exporters under HS Code 8471.
Date: 2023-08-05