A new bilateral trade agreement between the US and Uruguay has reduced tariffs on compression-ignition internal combustion piston engines (diesel or semi-diesel), leading to a 15% increase in US exports to Uruguay in the past quarter.
2023-10-15
Impact: Positive impact with increased export volume and strengthened trade ties.
Uruguay Implements Stricter Emission Standards for Diesel Engines
Uruguay has introduced new emission regulations for imported diesel engines, affecting US exporters who must now comply with stricter environmental standards.
2023-09-20
Impact: Potential short-term negative impact as US manufacturers adapt to new compliance requirements.
Supply Chain Disruptions Affect US Diesel Engine Shipments to Uruguay
Global supply chain issues have delayed shipments of diesel engines from the US to Uruguay, causing a temporary 10% drop in trade volume for this category.
2023-08-05
Impact: Negative impact due to delays and reduced trade flow in the short term.
Policy Updates
US-Uruguay Tariff Reduction on Diesel Engines
A new policy under the US-Uruguay trade framework reduces tariffs on compression-ignition engines (HS Code: 8408) by 5%, effective immediately, to encourage industrial cooperation.
Date: 2023-10-01
Uruguay's Updated Import Compliance Rules
Uruguay has updated import regulations for diesel engines, mandating stricter emission certifications for all incoming shipments starting October 2023.
