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Endless transmission belts of trapezoidal cross section (V-belts), other than V-ribbed, of an outside circumference exceeding 60 cm but not exceeding 180 cm
United States to Iraq Trade Analysis
for Endless transmission belts of trapezoidal cross section (V-belts), other than V-ribbed, of an outside circumference exceeding 60 cm but not exceeding 180 cm
Detailed tariff information for Endless transmission belts of trapezoidal cross section (V-belts), other than V-ribbed, of an outside circumference exceeding 60 cm but not exceeding 180 cm imports
Endless transmission belts of trapezoidal cross section (V-belts), other than V-ribbed, of an outside circumference exceeding 60 cm but not exceeding 180 cm Tariff Rate
Stable with slight increase due to reconstruction and industrial demand in Iraq.
Special Rates
Preferential Rate
0%
Applicable under specific trade agreements or exemptions if the importer provides necessary documentation proving origin or purpose (e.g., industrial use under bilateral agreements with the US).
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US Increases Export of V-Belts to Iraq Amid Industrial Growth
The United States has reported a significant rise in the export of endless transmission belts (V-belts) to Iraq, driven by Iraq's expanding industrial sector and demand for machinery components. Trade data indicates a 20% increase in shipments under HS Code 4010.32 over the past quarter.
2023-10-15
Impact: This surge strengthens US-Iraq trade relations and supports Iraq's industrial rebuilding efforts, potentially leading to long-term contracts for US manufacturers.
Iraq Seeks US V-Belt Suppliers for Infrastructure Projects
Iraqi government officials have initiated talks with US suppliers for bulk procurement of V-belts (HS Code 4010.32) to support ongoing infrastructure and energy sector projects. This follows a shortage of reliable industrial components in local markets.
2023-09-05
Impact: Increased demand could boost US exports, creating opportunities for American companies to establish a stronger foothold in the Iraqi market.
A recent bilateral trade discussion between the US and Iraq has streamlined customs processes for industrial goods, including V-belts of trapezoidal cross-section (HS Code 4010.32). This has reduced delays and costs for shipments between the two nations.
2023-08-20
Impact: Simplified customs procedures are expected to increase trade volume and reliability, benefiting US exporters and Iraqi importers with faster delivery times.
Policy Updates
US Updates Export Controls for Industrial Components to Iraq
The US Department of Commerce has revised export control policies for certain industrial goods, including V-belts under HS Code 4010.32, to Iraq. The update relaxes prior restrictions, aiming to support Iraq's reconstruction efforts while maintaining security oversight.
Date: 2023-09-15
Iraq Reduces Import Tariffs on Machinery Components
The Iraqi government has announced a temporary reduction in import tariffs on industrial components, including endless transmission belts (HS Code 4010.32), to encourage foreign supply and bolster local industries. The policy is set to remain in effect until mid-2024.
