A recent bilateral trade agreement between the United States and Tunisia has reduced tariffs on industrial turbines (HS Code related to statistical note 1), leading to a 15% increase in US exports to Tunisia in the last quarter.
2023-10-15
Impact: Positive impact on US exporters of industrial turbines, with reduced tariffs facilitating market access and competitiveness in Tunisia.
Tunisia Increases Demand for US Industrial Turbines
Tunisia's growing energy sector has spurred demand for US-made industrial turbines, with imports rising by 10% year-over-year as part of infrastructure development projects.
2023-09-20
Impact: Increased demand strengthens trade ties, benefiting US manufacturers with higher export volumes to Tunisia.
Global supply chain challenges have temporarily delayed shipments of industrial turbines from the US to Tunisia, impacting project timelines in Tunisia’s energy sector.
2023-08-05
Impact: Negative short-term impact on trade flow, with potential delays in delivery and increased costs for US exporters and Tunisian buyers.
Policy Updates
US-Tunisia Tariff Reduction on Industrial Turbines
The US and Tunisia finalized a tariff reduction agreement on industrial turbines under HS Code related to statistical note 1, lowering duties by 5% to promote bilateral trade in energy equipment.
Date: 2023-10-01
Tunisia Implements New Import Standards for Turbines
Tunisia introduced updated safety and performance standards for imported industrial turbines, requiring US exporters to comply with new certification processes to maintain market access.
