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Global Tariffs, Categorized

🇺🇸 United States
🇲🇻 Maldives
📦 Mechanical appliances for projecting, dispersing or spraying, of a kind used solely or principally for the manufacture of printed circuits or printed circuit assemblies
🇺🇸 🇲🇻

United States to Maldives Trade Analysis for Mechanical appliances for projecting, dispersing or spraying, of a kind used solely or principally for the manufacture of printed circuits or printed circuit assemblies

Detailed tariff information for Mechanical appliances for projecting, dispersing or spraying, of a kind used solely or principally for the manufacture of printed circuits or printed circuit assemblies imports

Mechanical appliances for projecting, dispersing or spraying, of a kind used solely or principally for the manufacture of printed circuits or printed circuit assemblies Tariff Rate

HS Code:

5%
Effective January 1, 2023

Trade Volume

Value
USD 150,000
Year
2022
Trend
Stable with slight increase of 2% compared to 2021

Special Rates

Preferential Rate
0%
Applicable under the South Asian Free Trade Area (SAFTA) agreement if specific criteria for origin are met and documentation is provided.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Maldives Trade Agreement Boosts Mechanical Appliance Exports
A new bilateral trade agreement between the US and Maldives has facilitated an increase in exports of mechanical appliances for printed circuit manufacturing (HS Code: 8424.89.90) from the US to Maldives, focusing on technology sector growth.
2023-10-15
Impact: This agreement is expected to enhance market access for US manufacturers, potentially increasing export volumes by 15% over the next year.
Maldives Increases Import Demand for PCB Manufacturing Equipment
Maldives' growing electronics industry has led to a surge in demand for specialized mechanical appliances from the US, aimed at printed circuit board (PCB) production.
2023-09-20
Impact: US exporters may see a rise in orders, with trade analysts predicting a 10% growth in this niche market segment in the coming months.
US-Maldives Logistics Partnership Streamlines Equipment Shipments
A logistics partnership between US freight companies and Maldives port authorities has reduced shipping times for mechanical appliances used in PCB manufacturing, improving trade efficiency.
2023-08-05
Impact: Reduced transit times could lower costs for US exporters and make their products more competitive in the Maldivian market.
Policy Updates
US-Maldives Tariff Reduction on Industrial Machinery
The US and Maldives have agreed to reduce tariffs on industrial machinery, including mechanical appliances under HS Code 8424.89.90, by 5% to encourage technology transfer and industrial development.
Date: 2023-10-01
Maldives Updates Import Regulations for PCB Equipment
Maldives has introduced new import certification requirements for mechanical appliances used in PCB manufacturing to ensure compliance with safety and environmental standards, effective from Q4 2023.
Date: 2023-09-10