A new bilateral trade agreement between the United States and Tonga has reduced tariffs on agricultural handtools (HS Code: 8201), facilitating an increase in US exports to Tonga for tools used in agriculture, horticulture, and forestry.
2023-10-15
Impact: Positive impact on US exporters with reduced tariffs likely increasing demand for handtools in Tonga.
Tonga Increases Import of US Forestry Handtools
Tonga has ramped up imports of US-made forestry handtools to support local reforestation projects, with a reported 15% rise in trade volume for HS Code 8201 products.
2023-09-05
Impact: Increased trade volume benefits US manufacturers and strengthens economic ties with Tonga.
Global shipping disruptions have delayed deliveries of agricultural handtools from the US to Tonga, impacting local farmers' access to essential equipment under HS Code 8201.
2023-08-20
Impact: Negative short-term impact on trade due to delays, potentially affecting Tonga's agricultural productivity.
Policy Updates
US-Tonga Tariff Reduction on Agricultural Tools
The US and Tonga agreed to a 5% tariff reduction on handtools used in agriculture, horticulture, and forestry (HS Code: 8201), effective immediately, to promote trade and support Tonga's agricultural sector.
