US-Mauritius Trade Agreement Boosts Auto Parts Exports
A recent bilateral trade agreement between the United States and Mauritius has reduced tariffs on automotive parts, including steering wheels, steering columns, and steering boxes (HS Code: 8708.94). This has led to a 15% increase in exports from the US to Mauritius in the last quarter.
2023-10-15
Impact: Positive impact on US exporters due to reduced tariffs and increased demand in Mauritius for automotive components.
Mauritius Increases Import of US Steering Components
Mauritius reported a significant rise in imports of steering wheels and related components from the US, driven by growth in its automotive assembly sector. Trade data indicates a 20% year-on-year increase for HS Code 8708.94 products.
2023-09-05
Impact: Strengthens trade ties and boosts US manufacturers' market share in Mauritius' growing automotive industry.
Supply Chain Disruptions Affect US-Mauritius Steering Parts Trade
Global supply chain challenges have temporarily impacted the export of steering wheels, columns, and boxes from the US to Mauritius. Delays in shipping have caused a 10% drop in trade volume for HS Code 8708.94 in the past month.
2023-08-20
Impact: Negative short-term impact on trade volume, though recovery is expected as supply chain issues are resolved.
