Increasing by 5% annually due to infrastructure projects in Uruguay
Special Rates
Preferential Rate under Mercosur-USA Agreements
0%
Applicable to specific construction or mining equipment under Mercosur external trade agreements; requires certificate of origin and compliance with rules of origin.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S.-Uruguay Trade Agreement Boosts Construction Equipment Exports
A recent bilateral trade agreement between the United States and Uruguay has reduced tariffs on construction and mining equipment (HS Code: 8430) exported from the U.S. to Uruguay, leading to a 15% increase in shipments in the last quarter.
2023-10-15
Impact: This reduction in tariffs is expected to enhance U.S. market access in Uruguay, potentially increasing export volumes for construction and mining machinery by 20% over the next year.
Uruguay Increases Demand for U.S. Mining Machinery
Uruguay's mining sector expansion has driven a surge in imports of U.S.-made mining equipment under HS Code 8430, with a reported 10% rise in orders in the past six months.
2023-09-05
Impact: The growing demand is likely to strengthen trade ties, benefiting U.S. manufacturers with sustained export growth to Uruguay's mining industry.
Logistics Challenges Impact U.S.-Uruguay Construction Equipment Trade
Port delays and shipping bottlenecks have slowed the delivery of construction machinery (HS Code 8430) from the U.S. to Uruguay, affecting project timelines in Uruguay's infrastructure sector.
2023-08-20
Impact: These logistical issues could temporarily reduce trade volumes by 5-10% until resolved, potentially increasing costs for Uruguayan buyers.
Policy Updates
U.S.-Uruguay Tariff Reduction on Construction Equipment
The U.S. and Uruguay finalized a tariff reduction policy on construction and mining equipment (HS Code 8430), lowering duties by 8% to promote trade in heavy machinery for infrastructure projects.
Date: 2023-10-01
Uruguay Updates Import Regulations for Mining Machinery
Uruguay introduced new safety and environmental compliance requirements for imported mining equipment under HS Code 8430, aligning with international standards to ensure sustainable practices.
