A new bilateral trade agreement between the United States and Guinea has facilitated increased exports of goods under HS Code category (width less than 500 mm), focusing on textiles and metal products.
2023-10-15
Impact: This agreement is expected to increase US exports to Guinea by 15% in this category, strengthening trade ties and market access for American manufacturers.
Guinea Imposes Temporary Quota on Narrow Width Imports
Guinea has introduced a temporary quota on imports of certain goods under HS Code (width less than 500 mm) to protect domestic industries, affecting US exporters.
2023-09-20
Impact: US exporters may face reduced market access in Guinea for these products, potentially leading to a 10% drop in trade volume in the short term.
US Trade Delegation Visits Guinea to Discuss Tariff Reductions
A US trade delegation met with Guinean officials to negotiate tariff reductions on narrow width goods (HS Code category), aiming to enhance bilateral trade.
2023-08-05
Impact: Successful negotiations could lower tariffs by up to 20%, boosting US exports of these goods to Guinea and improving competitiveness.
Policy Updates
US Updates Export Controls for Narrow Width Goods
The US Department of Commerce has revised export control policies for goods under HS Code (width less than 500 mm), requiring additional documentation for shipments to Guinea to ensure compliance with trade regulations.
Date: 2023-10-01
Guinea Revises Import Tariffs on Narrow Width Products
Guinea has adjusted import tariffs on products under HS Code (width less than 500 mm), increasing rates by 5% to support local manufacturing while still allowing limited access for US goods under specific quotas.
