United States to Micronesia, Federated States of Trade Analysis
for Assemblies and subassemblies, consisting of 2 or more parts or pieces fastened or joined together
Detailed tariff information for Assemblies and subassemblies, consisting of 2 or more parts or pieces fastened or joined together imports
Assemblies and subassemblies, consisting of 2 or more parts or pieces fastened or joined together Tariff Rate
Stable with slight increase of 2% from previous year
Special Rates
Preferential Rate
0%
Applicable under the Compact of Free Association between the United States and the Federated States of Micronesia, subject to specific rules of origin and documentation.
A recent bilateral trade agreement between the United States and the Federated States of Micronesia has facilitated an increase in the export of assemblies and subassemblies (HS Code: various, depending on specific products) from the US to Micronesia, focusing on industrial and electronic components.
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, while providing Micronesia with critical components for infrastructure development.
Micronesia Seeks US Assemblies for Renewable Energy Projects
The Federated States of Micronesia has expressed interest in importing US-made assemblies and subassemblies for solar and wind energy projects, as part of their sustainable development goals.
2023-09-22
Impact: This demand could open a niche market for US renewable energy equipment manufacturers, potentially leading to long-term contracts and a steady trade flow in this sector.
US Exporters Face Shipping Delays to Micronesia
Logistical challenges, including port congestion and limited shipping routes, have delayed deliveries of assemblies and subassemblies from the US to Micronesia, affecting project timelines in the region.
2023-08-30
Impact: Delays may temporarily reduce trade efficiency and increase costs for US exporters, potentially impacting competitiveness in the Micronesian market if unresolved.
Policy Updates
US-Micronesia Compact of Free Association Renewal
The renewal of the Compact of Free Association between the US and the Federated States of Micronesia includes provisions for reduced tariffs and streamlined customs processes for assemblies and subassemblies, aiming to strengthen economic ties and support mutual development goals.
