Limited Trade Activity for HS Code 8467.29.00 Between US and Syria Due to Sanctions
Trade of powered tools with cutting devices rotating in a horizontal plane (HS Code 8467.29.00) between the United States and the Syrian Arab Republic remains heavily restricted due to ongoing U.S. sanctions on Syria, including the Caesar Syria Civilian Protection Act.
2023-10-15
Impact: Minimal to no trade activity expected; sanctions continue to prohibit most commercial exchanges, impacting potential exports or imports of such tools.
U.S. Department of Treasury Updates Sanctions List Affecting Syria Trade
The U.S. Department of Treasury's Office of Foreign Assets Control (OFAC) issued an updated sanctions list targeting Syrian entities, further limiting trade possibilities for industrial tools under HS Code 8467.29.00.
2023-09-20
Impact: Reinforces existing barriers to trade, ensuring that U.S. companies cannot engage in transactions involving these tools with Syrian counterparts without specific licenses.
Humanitarian Exemptions Reviewed for Syria, Excluding Industrial Tools
A review of U.S. humanitarian exemptions for Syria clarified that industrial equipment, including powered tools with horizontal cutting devices (HS Code 8467.29.00), is not covered under current exemptions for aid shipments.
2023-08-05
Impact: Trade remains blocked for this category, with no relief provided through humanitarian channels, maintaining strict control over such exports.
