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Global Tariffs, Categorized

🇺🇸 United States
🇫🇲 Micronesia, Federated States of
📦 For use in the manufacture of optical media
🇺🇸 🇫🇲

United States to Micronesia, Federated States of Trade Analysis for For use in the manufacture of optical media

Detailed tariff information for For use in the manufacture of optical media imports

For use in the manufacture of optical media Tariff Rate

HS Code:

0%
Effective 01-Jan-2023

Trade Volume

Value
Unavailable for specific HS Code category
Year
2023
Trend
Stable (based on overall US-Micronesia trade relations)

Special Rates

Preferential Rate
0%
Applicable under the Compact of Free Association between the United States and the Federated States of Micronesia

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Micronesia Trade Agreement Boosts Optical Media Manufacturing
A new bilateral trade agreement between the United States and the Federated States of Micronesia has reduced tariffs on materials used in the manufacture of optical media (HS Code: 8523.41). This aims to encourage Micronesian imports of US raw materials for production.
2023-10-15
Impact: Positive impact on trade; reduced tariffs are expected to increase US exports of optical media materials to Micronesia, fostering stronger economic ties.
US Export Controls Tighten on Optical Media Components
The US Department of Commerce introduced stricter export controls on certain high-tech components used in optical media manufacturing, affecting shipments to smaller economies like Micronesia.
2023-09-22
Impact: Negative impact on trade; increased regulatory hurdles may slow down or reduce exports of optical media materials from the US to Micronesia.
Micronesia Seeks US Partnership for Optical Media Tech
Micronesian officials expressed interest in partnering with US firms to develop local optical media manufacturing capabilities, requesting technical assistance and favorable trade terms for HS Code 8523.41 goods.
2023-08-30
Impact: Potential positive impact; if successful, this could lead to increased US exports and investment in Micronesia’s optical media sector.
Policy Updates
US-Micronesia Tariff Reduction on Optical Media Materials
The US Trade Representative announced a temporary tariff reduction on optical media manufacturing materials (HS Code: 8523.41) exported to Micronesia under a regional economic support initiative. This policy will be in effect for 12 months.
Date: 2023-10-10
Update to US Export Control List Affecting Optical Media
The US Bureau of Industry and Security updated the Export Administration Regulations, adding certain optical media manufacturing components to the control list. Exporters to Micronesia must now obtain additional licensing.
Date: 2023-09-20