A new bilateral trade agreement between the United States and Turkmenistan has facilitated an increase in the export of machinery, including engines and motors with an output exceeding 75 kW but not exceeding 375 kW (HS Code: 8501.33), from the US to Turkmenistan. This is part of a broader effort to strengthen economic ties.
2023-10-15
Impact: Positive impact on US exporters as demand for industrial machinery in Turkmenistan grows, potentially increasing trade volume in this category.
Turkmenistan Increases Import of US Industrial Equipment
Turkmenistan's industrial sector expansion has led to a surge in imports of US-made electrical machinery, specifically within the 75 kW to 375 kW range (HS Code: 8501.33), to support energy and manufacturing projects.
2023-09-20
Impact: Encourages sustained growth in US exports to Turkmenistan, with potential for long-term contracts in the energy sector.
US Trade Mission to Turkmenistan Highlights Machinery Sector
A recent US trade mission to Turkmenistan emphasized the potential for exporting mid-range power machinery (HS Code: 8501.33) as part of infrastructure development initiatives in Turkmenistan, fostering discussions for future deals.
2023-08-05
Impact: Likely to open new market opportunities for US manufacturers, enhancing trade relations in this specific HS category.
Policy Updates
US-Turkmenistan Trade Framework Update
The US and Turkmenistan updated their trade framework to reduce tariffs on industrial machinery, including products under HS Code 8501.33 (output exceeding 75 kW but not exceeding 375 kW), to promote bilateral trade in energy and manufacturing sectors.
Date: 2023-10-01
Turkmenistan Revises Import Regulations for Machinery
Turkmenistan introduced new import regulations that streamline customs processes for machinery and equipment under HS Code 8501.33, aiming to attract foreign investment and support industrial growth.
