Stable with minor fluctuations due to niche market demand
Special Rates
Preferential Rate
0%
Applicable under specific trade agreements or for cultural/educational purposes, subject to approval by Liberian authorities.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US Increases Export of String Musical Instruments to Liberia
Recent trade data shows a 20% increase in the export of string musical instruments, such as guitars and violins, from the United States to Liberia in the third quarter of 2023. This growth is attributed to rising demand for music education programs in Liberian schools.
2023-10-15
Impact: This surge in exports could strengthen trade ties and encourage further cultural exchange between the US and Liberia, potentially leading to increased market access for US manufacturers.
Liberia Promotes Local Music Industry with US Imports
Liberia has seen a steady inflow of string musical instruments from the US as part of efforts to bolster its local music industry. The instruments are primarily used in cultural festivals and music training initiatives.
2023-09-05
Impact: The import trend may create a niche market for US exporters, though it could also prompt Liberia to impose import tariffs to protect domestic craftsmanship if local production scales up.
A bilateral trade agreement signed earlier this year has facilitated smoother export processes for string musical instruments from the US to Liberia, reducing logistical delays and costs.
2023-07-20
Impact: This agreement is likely to increase trade volume in this category, benefiting US exporters and providing Liberia with better access to quality instruments at lower costs.
Policy Updates
US-Liberia Trade Facilitation Agreement
A new trade facilitation agreement between the US and Liberia includes provisions to streamline customs processes for cultural goods, including string musical instruments under HS Code 9202. This policy aims to reduce tariffs and non-tariff barriers.
Date: 2023-07-01
Liberia Introduces Import Duty Waiver for Educational Instruments
The Liberian government has implemented a temporary import duty waiver on musical instruments designated for educational purposes, encouraging imports from countries like the US to support school music programs.
