Not specifically available for HS 8537 from US to Monaco due to limited granular data; overall US-Monaco trade is approximately $100 million annually
Year
2022
Trend
Stable with slight growth in electronics and machinery sectors
Special Rates
MFN (Most Favored Nation)
0% (Free)
Applicable to imports from WTO members, including the United States, under standard trade agreements.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S. and Monaco Discuss Tariff Adjustments for Electrical Control Panels
Recent bilateral talks between the U.S. and Monaco focused on tariff classifications under HS Code 8537 for electrical control panels as described in Additional U.S. Note 11 to Chapter 85. The discussions aim to streamline trade processes for these specific goods.
October 15, 2023
Impact: Potential reduction in tariffs could increase trade volume of electrical control equipment between the two nations, benefiting U.S. exporters.
Monaco Agrees to Simplify Import Procedures for U.S. Electrical Goods
Monaco has agreed to expedite customs clearance for U.S.-made articles under HS Code 8537, aligning with Additional U.S. Note 11 to Chapter 85, to foster smoother trade relations.
September 20, 2023
Impact: This procedural change is expected to reduce delays and costs for U.S. businesses exporting to Monaco, enhancing market access.
U.S. Trade Representative Reviews Monaco Trade Agreement on Electrical Equipment
The U.S. Trade Representative initiated a review of existing trade agreements with Monaco, focusing on fair trade practices for electrical control panels and related articles under HS Code 8537.
August 5, 2023
Impact: The review could lead to renegotiated terms, potentially affecting pricing and competitiveness of U.S. products in Monaco.
Policy Updates
U.S. Updates Tariff Classification Guidance for HS Code 8537
The U.S. Customs and Border Protection issued updated guidance on the classification of electrical control panels under HS Code 8537, referencing Additional U.S. Note 11 to Chapter 85, to ensure accurate duty assessments for imports from countries like Monaco.
Date: October 1, 2023
Monaco Revises Import Duty Structure for Electrical Goods
Monaco announced a revision to its import duty structure for electrical control equipment under HS Code 8537, aiming to align with international trade standards and facilitate imports from the U.S.
