U.S.-Rwanda Trade Agreement Boosts Raw Material Exports
A new trade agreement between the United States and Rwanda has facilitated the export of not machined, not tooled, and not otherwise processed materials after forming, under specific HS codes, with reduced tariffs.
2023-10-15
Impact: This agreement is expected to increase the volume of raw material exports from Rwanda to the U.S., benefiting Rwandan producers and providing U.S. manufacturers with cost-effective inputs.
Rwanda Increases Raw Material Supply to U.S. Under AGOA
Under the African Growth and Opportunity Act (AGOA), Rwanda has ramped up shipments of unprocessed materials to the U.S., focusing on not machined or tooled products, strengthening bilateral trade ties.
2023-09-22
Impact: The increased supply under AGOA is likely to stabilize prices for these materials in the U.S. market while supporting Rwanda's export-driven economy.
U.S. Importers Seek Rwandan Unprocessed Materials Amid Global Shortages
Due to global supply chain disruptions, U.S. importers have turned to Rwanda for not machined, not tooled materials, capitalizing on favorable trade terms and Rwanda's growing production capacity.
2023-08-30
Impact: This shift could lead to a long-term reliance on Rwandan suppliers, potentially increasing trade volumes and fostering closer economic ties between the two nations.
