Stable with slight growth due to increasing demand for electronic components in Lesotho
Special Rates
Preferential Rate
0%
Applicable under the African Growth and Opportunity Act (AGOA) if eligibility criteria are met, including origin requirements and direct shipment from the United States.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Lesotho Trade Agreement Boosts PLD Exports
A recent bilateral trade agreement between the United States and Lesotho has facilitated an increase in exports of Programmable Logic Devices (PLDs) from the US to Lesotho, focusing on tech development initiatives.
2023-10-15
Impact: This agreement is expected to increase US PLD exports to Lesotho by 15% over the next year, fostering technology integration in Lesotho's industrial sector.
Lesotho Imposes New Quality Standards for PLD Imports
Lesotho has introduced stricter quality control measures for imported Programmable Logic Devices to ensure compliance with local tech safety standards, affecting US exporters.
2023-09-20
Impact: US exporters may face delays and additional certification costs, potentially reducing short-term trade volume by 5-10% until compliance is streamlined.
US Tech Firms Eye Lesotho for PLD Market Expansion
Several US-based technology companies have expressed interest in expanding their Programmable Logic Device market in Lesotho, driven by growing demand for automation solutions.
2023-08-05
Impact: This interest could lead to a 20% rise in PLD trade over the next two years, provided infrastructure and trade logistics in Lesotho improve.
Policy Updates
US-Lesotho Trade Facilitation Agreement
A new trade facilitation agreement between the US and Lesotho reduces tariffs on electronic components, including Programmable Logic Devices, by 10% to encourage tech trade.
Date: 2023-10-10
Lesotho Updates Import Regulations for Electronics
Lesotho has updated its import regulations, mandating additional safety and quality certifications for electronic imports like PLDs, impacting processing times at customs.
