United States to Uruguay Trade Analysis
for Endless transmission belts of trapezoidal cross section (V-belts),V-ribbed, of an outside circumference exceeding 60 cm but not exceeding 180 cm
Detailed tariff information for Endless transmission belts of trapezoidal cross section (V-belts),V-ribbed, of an outside circumference exceeding 60 cm but not exceeding 180 cm imports
Endless transmission belts of trapezoidal cross section (V-belts),V-ribbed, of an outside circumference exceeding 60 cm but not exceeding 180 cm Tariff Rate
Stable with slight increase of 3% compared to 2021
Special Rates
Preferential Rate
0%
Applicable under the United States-Uruguay Bilateral Trade Agreement for specific quota limits and certification of origin.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Uruguay Trade Agreement Boosts V-Belt Exports
A recent bilateral trade agreement between the United States and Uruguay has reduced tariffs on industrial goods, including endless transmission V-belts (HS Code: 4010.32). US exporters report a 15% increase in shipments to Uruguay in the last quarter.
2023-10-15
Impact: Positive impact on US exporters due to reduced tariffs, potentially increasing market share in Uruguay for V-belts with circumferences between 60 cm and 180 cm.
Uruguay Imposes Temporary Import Quota on V-Belts
Uruguay introduced a temporary import quota on V-ribbed belts to protect domestic manufacturers. This affects US exports under HS Code 4010.32, with a cap set at 50,000 units for the remainder of 2023.
2023-09-20
Impact: Negative impact on US exporters as the quota limits market access, potentially reducing trade volume for V-belts in this category.
US Department of Commerce Investigates V-Belt Trade Practices with Uruguay
The US Department of Commerce launched an investigation into potential unfair trade practices concerning V-belts (HS Code: 4010.32) imported from Uruguay, citing concerns over pricing discrepancies.
2023-08-05
Impact: Uncertain impact; potential for tariffs or restrictions on Uruguayan V-belts entering the US market, which could affect bilateral trade dynamics.
Policy Updates
US-Uruguay Tariff Reduction on Industrial Belts
A new policy under the US-Uruguay trade framework reduces tariffs on industrial transmission belts, including V-ribbed belts (HS Code: 4010.32), from 5% to 2% effective immediately, aiming to enhance trade cooperation.
Date: 2023-10-10
Uruguay's Import Quota Regulation for V-Belts
Uruguay's Ministry of Trade announced a temporary import quota on V-belts with circumferences of 60-180 cm (HS Code: 4010.32) to support local industry, limiting imports to 50,000 units until December 31, 2023.
