A recent trade agreement under CAFTA-DR has facilitated an increase in the import of stock pumps for cellulosic pulp and paper-making machines from the US to Nicaragua, with a reported 20% rise in shipments this quarter.
2023-10-15
Impact: This agreement is expected to strengthen bilateral trade ties, lower costs for Nicaraguan paper manufacturers, and increase demand for US-made machinery.
Nicaraguan Paper Industry Expands with US Equipment
Nicaraguan paper producers have ramped up imports of stock pumps (HS Code 8413.70) from the United States to support expanding production capacity, driven by growing regional demand for paper products.
2023-09-05
Impact: Increased imports are likely to enhance production efficiency in Nicaragua, while US exporters benefit from a growing market in Central America.
Supply Chain Delays Affect US Machinery Exports to Nicaragua
Global supply chain disruptions have delayed shipments of stock pumps for paper-making machines from the US to Nicaragua, causing temporary shortages for local manufacturers.
2023-08-20
Impact: Delays may lead to short-term production slowdowns in Nicaragua, potentially increasing costs for manufacturers reliant on US imports.
Policy Updates
CAFTA-DR Tariff Reduction on Machinery
Under the Central America-Dominican Republic Free Trade Agreement (CAFTA-DR), tariffs on industrial machinery, including stock pumps for cellulosic pulp and paper-making machines (HS Code 8413.70), have been reduced to 0% for trade between the US and Nicaragua.
