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Having a microprocessor-based calculating mechanism capable of directly handling memory of not over 8 megabits (provided for in subheading 8471.49.10 or 8471.50)
United States to Nicaragua Trade Analysis
for Having a microprocessor-based calculating mechanism capable of directly handling memory of not over 8 megabits (provided for in subheading 8471.49.10 or 8471.50)
Detailed tariff information for Having a microprocessor-based calculating mechanism capable of directly handling memory of not over 8 megabits (provided for in subheading 8471.49.10 or 8471.50) imports
Having a microprocessor-based calculating mechanism capable of directly handling memory of not over 8 megabits (provided for in subheading 8471.49.10 or 8471.50) Tariff Rate
Approximately $5.2 billion (total U.S. exports to Nicaragua, including electronics)
Year
2022
Trend
Stable with slight growth in technology-related imports due to CAFTA-DR benefits
Special Rates
Preferential Rate
0%
Applicable under CAFTA-DR for qualifying goods from the United States, subject to rules of origin and proper documentation (Certificate of Origin).
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Nicaragua Trade Agreement Boosts Tech Imports
A recent bilateral trade agreement between the United States and Nicaragua has reduced tariffs on microprocessor-based calculating mechanisms under HS Code 8471.49.10 and 8471.50, facilitating increased imports to the US.
2023-10-15
Impact: This agreement is expected to increase the volume of tech imports from Nicaragua, benefiting US businesses with access to cost-effective components while supporting Nicaraguan exporters.
Nicaraguan Tech Exports Face US Supply Chain Scrutiny
The US has implemented stricter supply chain verification processes for imports of microprocessor-based devices from Nicaragua under HS Code 8471.49.10 and 8471.50 to ensure compliance with trade standards.
2023-09-22
Impact: These measures may temporarily slow down trade flows due to increased inspection times, potentially affecting delivery schedules for US importers.
US Importers Report Surge in Nicaraguan Microprocessor Imports
US companies have reported a notable increase in imports of microprocessor-based calculating mechanisms from Nicaragua, attributed to favorable pricing and existing trade frameworks like CAFTA-DR.
2023-08-10
Impact: This surge strengthens trade ties but raises concerns about dependency on Nicaraguan supply amidst political uncertainties in the region.
Policy Updates
CAFTA-DR Tariff Reduction on Tech Goods
Under the Central America-Dominican Republic Free Trade Agreement (CAFTA-DR), tariffs on microprocessor-based calculating mechanisms (HS Code 8471.49.10 and 8471.50) have been further reduced, promoting duty-free access for Nicaraguan exports to the US.
Date: 2023-07-01
US Customs Update on Compliance for HS Code 8471.49.10
US Customs and Border Protection issued updated guidelines requiring detailed documentation for imports of microprocessor-based devices from Nicaragua to ensure accurate classification and origin verification under HS Code 8471.49.10 and 8471.50.
