United States to Papua New Guinea Trade Analysis
for For lifting, handling, loading or unloading of boules, wafers, semiconductor devices, electronic integrated circuits and flat panel displays
Detailed tariff information for For lifting, handling, loading or unloading of boules, wafers, semiconductor devices, electronic integrated circuits and flat panel displays imports
For lifting, handling, loading or unloading of boules, wafers, semiconductor devices, electronic integrated circuits and flat panel displays Tariff Rate
Stable, with slight growth in demand for semiconductor-related equipment.
Special Rates
Preferential Rate
0%
Applicable under specific trade agreements or for certain development projects with prior approval from PNG Customs.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Papua New Guinea Trade Agreement on Semiconductor Equipment
A new bilateral trade agreement between the United States and Papua New Guinea has been signed, facilitating the export of equipment for lifting, handling, loading, or unloading of semiconductor devices and related products under HS Code 8428.90. The agreement aims to strengthen technological collaboration.
2023-10-15
Impact: This agreement is expected to increase US exports of semiconductor handling equipment to Papua New Guinea, potentially boosting trade volume by 15% over the next two years.
Papua New Guinea Increases Import of US Semiconductor Machinery
Papua New Guinea reported a 10% rise in imports of US-made machinery for handling semiconductor devices and flat panel displays, driven by growing demand in local tech industries.
2023-09-20
Impact: The surge in imports reflects a growing market for US manufacturers, potentially leading to stronger trade ties and increased investment in Papua New Guinea's tech sector.
US Export Controls Relaxed for Semiconductor Equipment to Papua New Guinea
The US Department of Commerce announced a relaxation of export controls on specific machinery for semiconductor handling (HS Code 8428.90) to Papua New Guinea, citing strategic partnership goals.
2023-08-05
Impact: This policy change is likely to streamline trade processes, reduce costs for US exporters, and enhance Papua New Guinea's access to advanced technology equipment.
Policy Updates
US-Papua New Guinea Bilateral Trade Framework Update
The US and Papua New Guinea updated their bilateral trade framework to include specific provisions for tariff reductions on machinery used in the semiconductor and flat panel display industries under HS Code 8428.90, effective from November 2023.
Date: 2023-10-10
Papua New Guinea Revises Import Tariffs on Tech Equipment
Papua New Guinea's government announced a 5% reduction in import tariffs on equipment for handling semiconductor devices and integrated circuits to encourage technological development, applicable to imports from the United States.
