Applicable under the US-Lebanon trade agreements if proof of origin is provided and specific criteria are met.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Lebanon Trade Agreement Boosts Aerial Work Platform Exports
A recent bilateral trade agreement between the United States and Lebanon has facilitated an increase in exports of aerial work platforms (HS Code: 8427.10.8020, as described in statistical note 3) from the US to Lebanon, with a reported 15% rise in shipments in the last quarter.
2023-10-15
Impact: This agreement is expected to strengthen trade ties, potentially increasing demand for US-made aerial work platforms in Lebanon and supporting American manufacturers.
Lebanese Construction Boom Drives Demand for US Aerial Platforms
Lebanon's ongoing infrastructure projects have led to a surge in demand for aerial work platforms from the US, with imports under HS Code 8427.10.8020 rising by 20% year-over-year as reported by US trade data.
2023-09-20
Impact: The increased demand may lead to higher export revenues for US companies, though supply chain constraints could pose challenges.
US Exporters Face Logistics Challenges in Lebanon Trade
US exporters of aerial work platforms to Lebanon have encountered delays due to port congestion in Beirut, affecting the timely delivery of goods classified under HS Code 8427.10.8020.
2023-08-05
Impact: These logistical issues could temporarily hinder trade volumes and increase costs for US exporters, potentially impacting profit margins.
Policy Updates
US-Lebanon Tariff Reduction on Industrial Machinery
The US and Lebanon have agreed to reduce tariffs on certain industrial machinery, including aerial work platforms under HS Code 8427.10.8020, by 5% as part of a broader trade facilitation initiative.
Date: 2023-10-01
Lebanese Import Regulation Update for Aerial Platforms
Lebanon has introduced new safety certification requirements for imported aerial work platforms (HS Code: 8427.10.8020), mandating compliance with international standards effective from Q4 2023.
