Stable with slight increase due to growing agricultural processing needs in Guinea
Special Rates
Preferential Rate
0%
Applicable under specific trade agreements or for equipment used in development projects, subject to approval by Guinea's customs authority.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US Increases Exports of Machinery for Fat Extraction to Guinea
Recent trade data shows a significant uptick in the export of machinery for the extraction or preparation of animal or vegetable fats or oils (HS Code: 8479.20) from the United States to Guinea, driven by Guinea's growing agricultural processing sector.
2023-10-15
Impact: This surge is expected to strengthen bilateral trade ties and support Guinea's local production of oils and fats, potentially increasing demand for US machinery in the region.
Guinea Seeks US Machinery to Boost Vegetable Oil Production
Guinea's government has expressed interest in importing advanced machinery from the US to modernize its vegetable oil extraction processes, with negotiations underway for bulk purchases under HS Code 8479.20.
2023-09-22
Impact: This could lead to a long-term trade partnership, increasing US export volumes and providing Guinea with technology to enhance domestic production capacity.
US-Guinea Trade Talks Highlight Machinery for Oil Extraction
During recent trade discussions, representatives from the US and Guinea focused on the export of machinery for fat and oil extraction (HS Code: 8479.20) as part of broader agricultural cooperation agreements.
2023-08-10
Impact: These talks may result in reduced trade barriers and increased market access for US manufacturers, fostering growth in this niche sector.
Policy Updates
US Trade Facilitation Agreement with Guinea
The US has signed a trade facilitation agreement with Guinea, which includes provisions to streamline customs processes for machinery imports under HS Code 8479.20, reducing delays and costs for exporters.
Date: 2023-09-05
Guinea Introduces Import Incentives for Agricultural Machinery
Guinea's Ministry of Trade has announced tax exemptions and reduced tariffs on imported machinery for the extraction of fats and oils (HS Code: 8479.20) to encourage modernization of its agricultural sector.
