United States to Palau Trade Analysis for Using electronic means for gauging weights

Detailed tariff information for Using electronic means for gauging weights imports

Using electronic means for gauging weights Tariff Rate

HS Code:

Effective 01-Jan-2023

View general trade relationship between United States and Palau

Trade Volume

Value

Limited data available; specific trade volume for HS Code 8423.10 (Electronic means for gauging weights) not publicly detailed

Year

2023

Trend

Stable due to small market size and specialized product nature

Special Rates

Preferential Rate

Applicable under the Compact of Free Association between the United States and Palau for qualifying goods.

Additional Information

No additional information available.

Last updated: 1 year ago

News and Updates

Recent News

U.S. Expands Trade Agreement with Palau for Electronic Weighing Equipment

The United States has signed a new trade agreement with Palau to facilitate the export of electronic weighing equipment under HS Code 8423. This agreement aims to streamline customs processes for such goods.

2023-10-15

Impact: This agreement is expected to reduce tariffs and bureaucratic hurdles, boosting the export of electronic weighing devices from the U.S. to Palau and strengthening bilateral trade ties.

Palau Adopts New Standards for Imported Electronic Scales

Palau has introduced new quality and safety standards for electronic weighing equipment (HS Code 8423) imported from the United States to ensure compliance with local regulations.

2023-09-20

Impact: U.S. exporters may face additional compliance costs and certification requirements, potentially slowing down trade in the short term but ensuring long-term market trust.

U.S. and Palau Discuss Tech Trade at Bilateral Summit

During a recent bilateral summit, discussions between the U.S. and Palau highlighted the importance of electronic weighing equipment in trade, with both nations exploring ways to enhance cooperation.

2023-08-05

Impact: This could lead to increased trade opportunities for U.S. manufacturers of electronic weighing devices as Palau seeks to modernize its infrastructure.

Policy Updates

U.S. Revises Export Controls for Electronic Weighing Equipment

The U.S. Department of Commerce has updated export control policies for electronic weighing equipment (HS Code 8423), easing restrictions for shipments to Palau under specific conditions.

Date: 2023-10-01

Palau Introduces Import Duty Waiver for Electronic Scales

Palau's government has announced a temporary waiver on import duties for electronic weighing equipment to encourage modernization of local businesses and infrastructure.

Date: 2023-09-10

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