Applicable under the Compact of Free Association between the United States and the Federated States of Micronesia for qualifying goods.
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Last updated: 1 year ago
News and Updates
Recent News
U.S. Expands Trade Agreement with Micronesia for Operator Riding Equipment
The United States has signed a new trade agreement with the Federated States of Micronesia to facilitate the export of operator riding equipment under HS Code category. This deal aims to boost local industries in Micronesia.
2023-10-15
Impact: Expected to increase U.S. exports of operator riding equipment to Micronesia by 15% over the next year, strengthening bilateral trade ties.
Micronesia Imposes Temporary Import Restrictions on Operator Riding Machinery
Due to domestic production concerns, Micronesia has introduced temporary restrictions on imports of operator riding machinery from the U.S., affecting HS Code classifications.
2023-09-20
Impact: May reduce U.S. exports in the short term, prompting negotiations for quota adjustments.
U.S. and Micronesia Discuss Tariff Reductions for Operator Riding Equipment
Trade representatives from the U.S. and Micronesia met to discuss potential tariff reductions on operator riding equipment, aiming to enhance market access.
2023-08-05
Impact: If successful, this could lower costs for Micronesian importers and increase demand for U.S. products.
Policy Updates
U.S. Updates Export Guidelines for Operator Riding Equipment to Micronesia
The U.S. Department of Commerce has updated export documentation requirements for operator riding equipment under specific HS Codes to Micronesia, aiming to streamline customs processes.
Date: 2023-10-01
Micronesia Revises Import Tariffs on Industrial Machinery
Micronesia has revised its tariff structure for industrial machinery, including operator riding equipment, increasing duties by 5% to protect local manufacturers.
