United States to Libya Trade Analysis
for Drive-axles with differential, whether or not provided with other transmission components, and non-driving axles
Detailed tariff information for Drive-axles with differential, whether or not provided with other transmission components, and non-driving axles imports
Drive-axles with differential, whether or not provided with other transmission components, and non-driving axles Tariff Rate
Stable with slight increase due to demand for automotive components in Libya.
Special Rates
Preferential Rate
0%
Applicable under specific trade agreements or if goods qualify for exemptions under Libyan import policies for industrial use.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S. Increases Exports of Drive-Axles to Libya Amid Infrastructure Push
The United States has seen a rise in exports of drive-axles with differentials (HS Code: 870850) to Libya, driven by Libya's recent infrastructure development projects requiring heavy machinery and vehicle components.
2023-10-15
Impact: This surge is expected to strengthen trade ties, with U.S. exporters potentially benefiting from long-term contracts in Libya's rebuilding efforts.
Libya Imposes Temporary Import Restrictions on Vehicle Components
Libya introduced temporary restrictions on imports of certain vehicle parts, including drive-axles (HS Code: 870850), to encourage local manufacturing, impacting U.S. exporters.
2023-09-20
Impact: U.S. exporters may face reduced demand in the short term, prompting a need to explore alternative markets or negotiate exemptions.
U.S.-Libya Trade Talks Address Drive-Axle Tariffs
Recent bilateral trade discussions between the U.S. and Libya focused on reducing tariffs on automotive components, including drive-axles (HS Code: 870850), to facilitate smoother trade.
2023-08-05
Impact: If successful, these talks could lower costs for Libyan importers and increase U.S. export volumes in this category.
Policy Updates
Libya Updates Import Tariffs on Automotive Parts
Libya revised its tariff structure for automotive components, including drive-axles (HS Code: 870850), increasing duties by 5% to protect domestic industries, effective from October 1, 2023.
Date: 2023-09-25
U.S. Extends Trade Support Program for Libyan Imports
The U.S. government extended a trade support program offering technical assistance and financing options for Libyan importers of U.S.-made vehicle components, including drive-axles (HS Code: 870850), to boost bilateral trade.
