Stable with slight increase of 2% from previous year
Special Rates
Preferential Rate
0%
Applicable under the Deep and Comprehensive Free Trade Area (DCFTA) agreement with the EU, if re-exported or processed under specific conditions; otherwise, standard rate applies.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
Limited Trade Activity for Spark-Ignition Engines Between US and Moldova
Recent trade data indicates minimal activity in the export and import of spark-ignition internal combustion piston engines (HS Code: 8407) between the United States and Moldova, with no significant transactions reported in the last quarter.
2023-10-15
Impact: The lack of trade activity suggests limited market demand or logistical challenges, potentially affecting niche manufacturers seeking to expand in this sector.
During a bilateral trade meeting, officials from the US and Moldova briefly discussed potential cooperation in the automotive sector, including spark-ignition engines, though no concrete agreements were reached.
2023-09-05
Impact: While there is potential for future trade growth in this category, the absence of immediate commitments means no short-term impact on trade volumes.
Moldova's Automotive Sector Seeks US Partnerships
Moldova's Ministry of Economy expressed interest in importing specialized machinery and engine components, including spark-ignition internal combustion piston engines, from the US to bolster its small but growing automotive industry.
2023-08-20
Impact: This interest could lead to an uptick in trade if formal agreements or incentives are established, though current trade remains negligible.
Policy Updates
No Specific Tariff Changes for HS Code 8407 Between US and Moldova
There have been no recent updates to tariffs or trade policies specifically affecting spark-ignition internal combustion piston engines (HS Code: 8407) between the United States and Moldova. Both countries continue to operate under existing general trade frameworks.
