A recent bilateral trade agreement between the United States and Morocco has reduced tariffs on industrial weighing equipment with a capacity between 30 kg and 5,000 kg (HS Code: 8423.82). US exporters reported a 15% increase in shipments to Morocco in the last quarter.
2023-10-15
Impact: Positive impact on US exporters due to reduced tariffs, likely increasing market share in Morocco for industrial scales.
Morocco Increases Demand for US-Made Weighing Machinery
Morocco's growing agricultural and manufacturing sectors have driven a surge in demand for US-made weighing machinery under HS Code 8423.82. Trade data indicates a 10% year-on-year rise in imports from the US.
2023-09-20
Impact: Increased demand strengthens trade ties, benefiting US manufacturers of weighing equipment in this capacity range.
Global shipping delays have affected the delivery of weighing machinery (HS Code: 8423.82) from the US to Morocco, causing a temporary 5% decline in trade volume for this category in the past month.
2023-08-05
Impact: Negative short-term impact due to logistical bottlenecks, potentially leading to delays in supply chains for Moroccan industries.
Policy Updates
US-Morocco Free Trade Agreement Tariff Reduction
Under the US-Morocco Free Trade Agreement, tariffs on weighing machinery with a capacity between 30 kg and 5,000 kg (HS Code: 8423.82) have been reduced by 2.5%, effective from October 1, 2023, to promote industrial equipment trade.
Date: 2023-10-01
Morocco Updates Import Regulations for Industrial Equipment
Morocco has implemented new safety and certification standards for imported weighing machinery (HS Code: 8423.82), requiring US exporters to comply with updated documentation and testing protocols starting July 15, 2023.
