A recent bilateral trade agreement between the US and Indonesia has reduced tariffs on other floating structures (HS Code: 8907.90), facilitating increased exports of buoys and beacons from the US to Indonesia for maritime infrastructure projects.
2023-10-15
Impact: This agreement is expected to increase US exports of floating structures to Indonesia by 15% over the next year, strengthening trade ties and supporting Indonesia's port development initiatives.
Indonesia Increases Demand for US-Made Floating Tanks
Indonesia's growing aquaculture sector has led to a surge in demand for US-manufactured floating tanks, with a reported 20% rise in imports under HS Code 8907.90 in the last quarter.
2023-09-20
Impact: The rising demand is likely to benefit US manufacturers, potentially leading to new contracts and job creation in the sector, while supporting Indonesia's fish farming industry.
Global supply chain disruptions have delayed shipments of landing-stages and cofferdams from the US to Indonesia, affecting infrastructure projects in Indonesian coastal regions.
2023-08-05
Impact: Delays may lead to temporary trade slowdowns, with potential cost increases for Indonesian buyers and project timelines being pushed back by several months.
Policy Updates
US Revises Export Tariffs on Floating Structures
The US Department of Commerce announced a reduction in export tariffs on other floating structures (HS Code: 8907.90) to Indonesia, aiming to promote trade and support maritime development in the region.
Date: 2023-10-01
Indonesia Implements New Import Standards for Floating Structures
Indonesia's Ministry of Trade introduced stricter safety and quality standards for imported floating structures under HS Code 8907.90, requiring US exporters to comply with updated certification processes.
