A new bilateral trade agreement between the United States and Namibia has facilitated an increase in the export of rough timber (HS Code: 4403, 4 meters or more in length) from Namibia to the U.S., focusing on sustainable sourcing.
2023-10-15
Impact: This agreement is expected to increase Namibian timber exports to the U.S. by 15% over the next year, strengthening trade ties and supporting sustainable forestry practices.
U.S. Importers Report Quality Surge in Namibian Rough Timber
U.S. construction firms have noted a significant improvement in the quality of rough timber imported from Namibia, attributed to enhanced processing standards.
2023-09-20
Impact: Higher quality standards may lead to increased demand for Namibian rough timber in the U.S. market, potentially raising import volumes and prices.
Namibia Expands Timber Harvesting to Meet U.S. Demand
Namibia has announced plans to expand sustainable timber harvesting operations to meet growing U.S. demand for rough timber (HS Code: 4403, 4 meters or more in length).
2023-08-05
Impact: This expansion could result in a 10% rise in export capacity to the U.S., though environmental concerns may prompt stricter regulations.
Policy Updates
U.S. Tariff Reduction on Namibian Timber Imports
The U.S. has reduced tariffs on rough timber (HS Code: 4403) imports from Namibia by 2% as part of a broader trade incentive program under the African Growth and Opportunity Act (AGOA).
Date: 2023-10-01
Namibia Introduces Export Quota for Rough Timber
Namibia has implemented a quota system for rough timber exports to ensure sustainable harvesting, affecting shipments to the U.S. and other markets.
