Approximately $5.2 million USD for electrical control panels and related articles under HS 8537
Year
2022
Trend
Stable with a slight increase of 3% compared to 2021, driven by industrial demand in Nicaragua.
Special Rates
Preferential Rate
0%
Applies under the Dominican Republic-Central America-United States Free Trade Agreement (CAFTA-DR) for qualifying goods from the United States, subject to rules of origin certification.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S.-Nicaragua Trade Agreement Update on Electrical Apparatus
Recent discussions between the U.S. and Nicaragua have led to a renewed focus on tariff reductions for electrical control panels under HS Code 8537, as described in additional U.S. note 11 to chapter 85. This aims to boost bilateral trade in electrical equipment.
2023-10-15
Impact: Potential increase in exports of U.S.-made electrical apparatus to Nicaragua due to reduced tariffs, fostering stronger trade ties.
Nicaragua Increases Import Quotas for U.S. Electrical Goods
Nicaragua announced an increase in import quotas for specific electrical apparatus under HS Code 8537 from the U.S., aligning with CAFTA-DR commitments and additional U.S. note 11 specifications.
2023-09-20
Impact: Enhanced market access for U.S. manufacturers of electrical control equipment, likely leading to higher export volumes.
U.S. Trade Representative Reviews Nicaragua Trade Compliance
The U.S. Trade Representative initiated a review of Nicaragua's compliance with trade agreements, including tariff treatments for electrical apparatus under HS Code 8537, referencing additional U.S. note 11 to chapter 85.
2023-08-05
Impact: Uncertainty in trade relations could temporarily affect export predictability for U.S. companies dealing in electrical apparatus.
Policy Updates
CAFTA-DR Tariff Adjustment for HS Code 8537
Under the Central America-Dominican Republic Free Trade Agreement (CAFTA-DR), tariffs on certain electrical apparatus under HS Code 8537, as specified in additional U.S. note 11 to chapter 85, have been reduced for Nicaraguan imports to the U.S., effective immediately.
