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Miter sawing machines, power operated, not numerically controlled, for working metal, with safety cut off switch (provided for in subheading 8461.50.80)
United States to Maldives Trade Analysis
for Miter sawing machines, power operated, not numerically controlled, for working metal, with safety cut off switch (provided for in subheading 8461.50.80)
Detailed tariff information for Miter sawing machines, power operated, not numerically controlled, for working metal, with safety cut off switch (provided for in subheading 8461.50.80) imports
Miter sawing machines, power operated, not numerically controlled, for working metal, with safety cut off switch (provided for in subheading 8461.50.80) Tariff Rate
Applicable under SAFTA (South Asian Free Trade Area) agreement if accompanied by a Certificate of Origin from a SAFTA member country. Note: The United States is not a SAFTA member, so this rate does not apply.
A new bilateral trade agreement between the United States and Maldives has reduced tariffs on industrial machinery, including miter sawing machines (HS 8461.50.80), facilitating increased exports from the US to Maldives.
2023-10-15
Impact: This agreement is expected to increase US exports of miter sawing machines to Maldives by lowering costs for Maldivian importers, potentially boosting demand.
Maldives Increases Demand for US-Made Metalworking Tools
Maldives' growing construction and manufacturing sectors have led to a surge in demand for US-made power-operated miter sawing machines with safety cut-off switches, as reported by trade analysts.
2023-09-22
Impact: Rising demand may lead to a significant uptick in US exports of these machines, strengthening trade ties and benefiting US manufacturers.
US Exporters Face Logistics Challenges in Maldives Market
US exporters of metalworking machinery, including miter sawing machines under HS 8461.50.80, are encountering shipping delays and high logistics costs when exporting to Maldives due to limited port infrastructure.
2023-08-30
Impact: These challenges could temporarily hinder trade growth, increasing costs for US exporters and potentially reducing competitiveness in the Maldivian market.
Policy Updates
US-Maldives Tariff Reduction on Industrial Machinery
The United States and Maldives have agreed to reduce tariffs on industrial machinery, including power-operated miter sawing machines for working metal (HS 8461.50.80), from 5% to 2% as part of a broader trade facilitation initiative.
Date: 2023-10-10
Maldives Implements New Safety Standards for Imported Machinery
Maldives has introduced stricter safety regulations for imported metalworking machinery, mandating compliance with international safety standards for equipment like miter sawing machines with safety cut-off switches.
