Stable with slight increase of 2% from previous year
Special Rates
Preferential Rate
0%
Applicable under specific trade agreements or for humanitarian aid shipments, subject to documentation and approval.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Yemen Trade Agreement on Spring Round Wire Faces Delays
Negotiations on the export of spring round wire (as described in statistical note 8) from the US to Yemen have been delayed due to logistical challenges and regional instability, impacting delivery schedules.
2023-10-15
Impact: Potential reduction in trade volume and increased costs for US exporters due to prolonged delays.
Yemen Increases Demand for US Spring Round Wire Amid Infrastructure Projects
Yemen's ongoing reconstruction efforts have led to a surge in demand for spring round wire from the US, with contracts reportedly being finalized for bulk shipments.
2023-09-22
Impact: Positive for US exporters with potential for increased sales, though supply chain risks remain due to regional conflicts.
US Importers Report Quality Concerns with Yemen-Sourced Spring Round Wire
US companies have raised concerns over inconsistencies in the quality of spring round wire imported from Yemen, prompting calls for stricter inspection protocols.
2023-08-30
Impact: Possible decline in imports from Yemen if quality issues persist, affecting bilateral trade balance.
Policy Updates
US Updates Tariff Classification for Spring Round Wire Imports
The US Customs and Border Protection agency has revised the tariff classification guidelines for spring round wire under HS Code provisions, aiming to streamline import processes and ensure accurate duty assessments.
Date: 2023-10-01
Yemen Introduces New Export Licensing for Industrial Materials
Yemen's trade ministry has implemented a new licensing requirement for the export of industrial materials, including spring round wire, to monitor outbound shipments amid economic recovery efforts.
