A new bilateral trade agreement between the United States and Senegal has reduced tariffs on tubular goods, including tapered and sectional components, facilitating an increase in US exports to Senegal.
2023-10-15
Impact: Positive impact on US exporters with reduced tariffs and increased market access in Senegal for tubular products.
Senegal Increases Demand for US Tubular Components
Growing infrastructure projects in Senegal have led to a surge in demand for US-made tubular and sectional components, strengthening trade ties.
2023-09-20
Impact: Positive impact with potential growth in export volume for US manufacturers of tubular goods.
Global supply chain disruptions have temporarily slowed the export of tubular and sectional components from the US to Senegal, causing delays in delivery schedules.
2023-08-05
Impact: Negative short-term impact on trade flow due to logistical delays, though long-term prospects remain stable.
Policy Updates
US-Senegal Tariff Reduction on Tubular Goods
The US and Senegal agreed to a tariff reduction on tubular goods and sectional components under HS Code classification, effective from October 2023, to promote trade in industrial materials.
