A new bilateral trade agreement between the US and Philippines has reduced tariffs on electronic components, including printed circuit assemblies for parameter acquisition modules (HS Code: 8538.90). This is expected to increase exports from the Philippines to the US.
2023-10-15
Impact: Positive impact; reduced tariffs are likely to increase trade volume of printed circuit assemblies between the two countries, benefiting Philippine manufacturers and US importers.
Philippine Electronics Exports to US Face Supply Chain Delays
Ongoing global supply chain disruptions have delayed shipments of printed circuit assemblies from the Philippines to the US, affecting parameter acquisition module production timelines.
2023-09-22
Impact: Negative impact; delays may lead to temporary shortages in the US market and increased costs for manufacturers relying on timely imports.
US Increases Demand for Philippine-Made Circuit Assemblies
Rising demand for parameter acquisition modules in the US industrial sector has led to a 15% increase in imports of printed circuit assemblies from the Philippines in the last quarter.
2023-08-10
Impact: Positive impact; higher demand strengthens trade ties and boosts revenue for Philippine exporters, potentially leading to expanded production capacity.
Policy Updates
US-Philippines Tariff Reduction on Electronics
The US and Philippines have agreed to a tariff reduction on specific electronic components under HS Code 8538.90, including printed circuit assemblies for parameter acquisition modules, effective from October 1, 2023. This policy aims to enhance trade cooperation and lower costs for US importers.
The Philippine government has introduced stricter export compliance requirements for electronic goods, including printed circuit assemblies, to ensure quality control and adherence to international standards. This may temporarily slow export processes to the US.
