Applicable under the Compact of Free Association between the United States and Micronesia, subject to specific documentation and origin requirements.
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Last updated: 1 year ago
News and Updates
Recent News
U.S. Increases Exports of Reciprocating-Table Machinery to Micronesia
The United States reported a significant rise in exports of reciprocating-table type machinery (HS Code: [specific code not provided]) to the Federated States of Micronesia, driven by demand in local manufacturing sectors.
2023-10-15
Impact: This surge is expected to strengthen trade ties and boost U.S. machinery sector revenue, though it may increase competition for local Micronesian suppliers.
Micronesia Seeks to Diversify Import Sources for Industrial Equipment
Micronesia's government announced plans to diversify import partners for industrial equipment, including reciprocating-table machinery, potentially reducing reliance on U.S. suppliers.
2023-09-22
Impact: This could lead to a slight decline in U.S. exports to Micronesia in this category as other countries compete for market share.
Trade Agreement Discussions Highlight Machinery Exports to Micronesia
During recent U.S.-Micronesia trade talks, both parties discussed enhancing cooperation on industrial machinery trade, including reciprocating-table type equipment.
2023-08-10
Impact: Potential agreements could lower trade barriers, facilitating increased U.S. exports and benefiting both economies.
Policy Updates
U.S. Adjusts Tariff Rates on Industrial Machinery Exports
The U.S. government announced a minor reduction in tariffs on certain industrial machinery exports, including reciprocating-table type equipment, to Pacific Island nations like Micronesia under a regional trade initiative.
Date: 2023-11-01
Micronesia Updates Import Regulations for Machinery
Micronesia introduced new safety and quality standards for imported industrial machinery, which may require U.S. exporters to adapt certification processes for reciprocating-table type products.
