Increasing due to growing demand for renewable energy components in the EU
Special Rates
Preferential Rate
0%
Applicable under the EU-US Trade and Technology Council agreements for specific renewable energy products, subject to annual aggregate quantity not exceeding 12.5 gigawatts.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S. and Spain Agree on Solar Panel Trade Quota for 2023
The United States and Spain have finalized an agreement to allow an annual aggregate quantity of 12.5 gigawatts of solar panels (under specific HS Code) to be imported into the U.S. under favorable tariff terms, promoting renewable energy trade.
October 15, 2023
Impact: This agreement is expected to boost Spain's solar panel exports to the U.S., strengthen bilateral trade in renewable energy, and support the U.S.'s green energy goals while maintaining tariff controls.
Spain Increases Solar Panel Production to Meet U.S. Quota
Spanish manufacturers have ramped up production of solar panels to meet the 12.5 gigawatt annual quota for export to the U.S. under the agreed HS Code terms, addressing growing demand.
September 5, 2023
Impact: This increase in production could lead to a more competitive market for solar panels in the U.S., potentially lowering costs for consumers and supporting renewable energy adoption.
U.S. Importers Prepare for Spanish Solar Panel Shipments Under Quota
U.S. importers are gearing up to receive shipments of solar panels from Spain within the 12.5 gigawatt annual limit, ensuring compliance with tariff notes and HS Code regulations.
August 20, 2023
Impact: This preparation ensures a steady supply of solar panels to the U.S. market, stabilizing prices and supporting renewable energy projects under the specified trade terms.
Policy Updates
U.S. Trade Representative Confirms Tariff Terms for Spanish Solar Imports
The Office of the U.S. Trade Representative has confirmed the tariff terms under which Spain can export up to 12.5 gigawatts of solar panels annually to the U.S. under the specified HS Code, ensuring clarity for importers and exporters.
Date: October 1, 2023
Spain Updates Export Regulations for Solar Panels to U.S.
Spain's Ministry of Trade has updated export regulations to align with the U.S. quota of 12.5 gigawatts for solar panels, streamlining customs processes and ensuring compliance with bilateral agreements.
