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Global Tariffs, Categorized
🇺🇸 United States
🇳🇦 Namibia
📦 Rendition of geophysical or contracting services in connection with the exploration for, or the extraction or development of, natural resources
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United States to Namibia Trade Analysis for Rendition of geophysical or contracting services in connection with the exploration for, or the extraction or development of, natural resources

Detailed tariff information for Rendition of geophysical or contracting services in connection with the exploration for, or the extraction or development of, natural resources imports

Rendition of geophysical or contracting services in connection with the exploration for, or the extraction or development of, natural resources Tariff Rate

HS Code:

0%
Effective 01-Jan-2023
View general trade relationship between United States and Namibia

Trade Volume

Value
USD 5.2 million
Year
2022
Trend
Stable with slight growth due to increased demand for geophysical services in Namibia's mining and oil exploration sectors.

Special Rates

Preferential Rate under SADC-US Trade Agreements
0%
Applicable to services qualifying under the Southern African Development Community (SADC) protocols or specific bilateral agreements with the United States, subject to documentation and proof of origin.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Namibia Agreement Boosts Geophysical Services for Natural Resources
A new bilateral agreement between the United States and Namibia facilitates the rendition of geophysical services for natural resource exploration, focusing on offshore oil and gas reserves in Namibia.
2023-10-15
Impact: This agreement is expected to increase US exports of geophysical and contracting services to Namibia, strengthening trade ties and supporting energy sector development.
Namibia Welcomes US Firms for Mineral Exploration Services
Namibia's government has invited US-based companies to provide contracting services for the exploration of critical minerals, aiming to leverage advanced geophysical technologies.
2023-09-22
Impact: This initiative could lead to a surge in service contracts for US companies, enhancing trade in this sector and fostering investment in Namibia's mining industry.
US-Namibia Collaboration on Offshore Drilling Services
A joint venture between US and Namibian firms has been announced to provide geophysical services for offshore drilling, targeting untapped natural gas reserves along Namibia's coast.
2023-08-10
Impact: This collaboration is likely to boost US service exports under HS Code-related categories, while supporting Namibia's energy independence goals.
Policy Updates
US Trade Facilitation Policy for Namibian Resource Services
The US Department of Commerce has introduced streamlined export licensing for geophysical and contracting services to Namibia, reducing barriers for companies engaged in natural resource exploration and development.
Date: 2023-10-01
Namibia Revises Foreign Investment Rules for Resource Extraction Services
Namibia updated its foreign investment policies to offer incentives for US firms providing geophysical services, including tax breaks and expedited permitting for natural resource projects.
Date: 2023-09-05