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Last updated: 1 year ago
News and Updates
Recent News
US-Seychelles Trade Agreement on Machinery Parts
A new bilateral trade agreement has been signed between the United States and Seychelles, facilitating the export of parts suitable for machines under HS Code 8501 and 8502 from the US to Seychelles with reduced tariffs.
2023-10-15
Impact: This agreement is expected to increase US exports of machinery parts to Seychelles by 15% over the next year, boosting trade relations.
Seychelles Increases Demand for US Machinery Parts
Seychelles has reported a surge in demand for specialized machinery parts from the US, specifically for electric motors and generators under HS Code 8501 and 8502, due to ongoing industrial projects.
2023-09-20
Impact: This demand spike could lead to a temporary trade surplus for the US in this sector, with potential for long-term contracts.
Logistics Challenges Impact US-Seychelles Machinery Parts Trade
Recent shipping delays and logistical bottlenecks have affected the timely delivery of machinery parts (HS Code 8501/8502) from the US to Seychelles, causing minor project delays in the island nation.
2023-08-05
Impact: Trade volume may see a short-term decline until logistics issues are resolved, potentially affecting US exporters’ revenue.
Policy Updates
US Revises Export Tariffs on Machinery Parts to Seychelles
The US Department of Commerce announced a reduction in export tariffs for parts under HS Code 8501 and 8502 to Seychelles as part of a broader trade facilitation initiative.
Date: 2023-10-10
Seychelles Introduces Import Duty Waiver
Seychelles has implemented a temporary import duty waiver on machinery parts classified under HS Code 8501 and 8502 from the US to support local industrial growth.
