Applies under the US-Morocco Free Trade Agreement (FTA) for qualifying goods with proper documentation (Certificate of Origin).
Additional Information
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Last updated: 1 year ago
News and Updates
Recent News
US-Morocco Trade Agreement Boosts Tool Exports
Under the US-Morocco Free Trade Agreement, exports of tools for tapping or threading (HS Code: 8207.40) from the US to Morocco have seen a 12% increase in the last quarter due to reduced tariffs.
2023-10-15
Impact: Positive impact on US exporters, as lower tariffs enhance competitiveness of American tools in the Moroccan market.
Morocco Increases Demand for US Threading Tools
Morocco's growing industrial sector has led to a surge in demand for high-quality threading tools from the US, with trade volume under HS Code 8207.40 rising by 8% year-on-year.
2023-09-20
Impact: Encourages US manufacturers to target Morocco as a key market, potentially increasing export revenues.
Logistics Challenges Affect US-Morocco Tool Trade
Recent shipping delays and port congestion have temporarily slowed the delivery of tapping and threading tools (HS Code: 8207.40) from the US to Morocco, impacting project timelines.
2023-08-05
Impact: Negative short-term impact on trade flow, with potential delays in supply chains for Moroccan industries.
Policy Updates
US-Morocco FTA Tariff Reduction on Industrial Tools
A new amendment to the US-Morocco Free Trade Agreement further reduces tariffs on industrial tools, including those under HS Code 8207.40, to promote bilateral trade and support Morocco's manufacturing sector.
