US-Kazakhstan Trade Agreement Boosts Specialized Vessel Exports
A new trade agreement between the United States and Kazakhstan has reduced tariffs on specialized vessels under HS Code 8905, including light-vessels and floating cranes, facilitating increased exports from the US to Kazakhstan for Caspian Sea projects.
2023-10-15
Impact: Positive impact on US exporters of specialized vessels, with potential growth in demand from Kazakhstan’s offshore energy sector.
Kazakhstan Increases Demand for US-Made Floating Docks
Kazakhstan’s expanding port infrastructure projects have led to a surge in imports of US-manufactured floating docks, with a reported 15% increase in trade volume for HS Code 8905 goods in the last quarter.
2023-09-20
Impact: Strengthens bilateral trade ties, with US manufacturers likely to see sustained demand for floating docks and related equipment.
US Firm Secures Contract for Floating Drilling Platforms in Kazakhstan
A major US engineering company signed a $50 million contract to supply floating drilling platforms to Kazakhstan’s oil and gas sector, marking a significant deal under HS Code 8905 trade categories.
2023-08-05
Impact: Enhances US export figures for specialized vessels and platforms, potentially leading to further contracts in the region.
