Stable with slight increase due to demand for electrical systems and components.
Special Rates
Preferential Rate
0%
Applicable under the Compact of Free Association with the United States, subject to specific documentation and origin requirements.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
New Trade Agreement Boosts Electrical System Exports to Micronesia
A recent bilateral trade agreement between the United States and the Federated States of Micronesia has reduced tariffs on electrical components designed for 6, 12, or 24 V systems (HS Code: 8536.50), facilitating increased U.S. exports to the region.
2023-10-15
Impact: This agreement is expected to increase U.S. exports of electrical systems to Micronesia by 15% over the next year, strengthening economic ties.
U.S. Exporters Face Shipping Delays to Micronesia
Logistical challenges in Pacific shipping routes have caused delays in the delivery of electrical system components (HS Code: 8536.50) from the U.S. to Micronesia, affecting small-scale infrastructure projects.
2023-09-22
Impact: Delays may temporarily reduce trade volume by 5-10% in the short term, with potential cost increases for Micronesian importers.
Micronesia Increases Demand for U.S.-Made Voltage Systems
Growing renewable energy projects in the Federated States of Micronesia have led to a surge in demand for U.S.-manufactured electrical systems designed for 6, 12, or 24 V applications (HS Code: 8536.50).
2023-08-10
Impact: This demand spike is projected to boost U.S. exports by 20% in the renewable energy sector, creating new opportunities for American manufacturers.
Policy Updates
U.S.-Micronesia Trade Partnership Renewal
The renewal of the Compact of Free Association between the U.S. and the Federated States of Micronesia includes provisions for reduced tariffs and streamlined customs processes for electrical components (HS Code: 8536.50), effective immediately.
Date: 2023-10-01
Micronesia Implements New Import Standards
The Federated States of Micronesia has introduced updated safety and quality standards for imported electrical systems (HS Code: 8536.50), requiring U.S. exporters to comply with additional certification processes starting in Q4 2023.
