A new trade agreement between the United States and Zambia has facilitated increased exports of machinery, including items with an output exceeding 75 kW (HS Code: 8501.34), with a reported 20% rise in shipments from the US to Zambia in the last quarter.
2023-10-15
Impact: This agreement is likely to strengthen bilateral trade ties, reduce tariffs, and increase demand for high-power machinery in Zambia's industrial sector.
Zambian Infrastructure Projects Drive Demand for US Equipment
Zambia's ongoing infrastructure development projects have led to a surge in imports of heavy machinery from the US, particularly electric motors and generators exceeding 75 kW, to support mining and construction activities.
2023-09-22
Impact: Increased demand may lead to higher export volumes from the US, potentially straining supply chains but benefiting US manufacturers.
US Exporters Face Logistics Challenges in Zambia Trade
US exporters of high-power machinery (HS Code: 8501.34) to Zambia have reported delays due to logistical bottlenecks at Zambian ports, impacting delivery timelines for critical equipment.
2023-08-30
Impact: Delays could temporarily hinder trade growth and increase costs for US exporters, potentially affecting competitiveness in the Zambian market.
Policy Updates
US-Zambia Trade Facilitation Agreement
The United States and Zambia signed a trade facilitation agreement aimed at reducing tariffs and streamlining customs processes for industrial goods, including machinery with an output exceeding 75 kW (HS Code: 8501.34), to support Zambia's industrial growth.
Date: 2023-10-01
Zambian Import Duty Reduction on Heavy Machinery
Zambia announced a reduction in import duties on heavy machinery and equipment, including items under HS Code 8501.34, to encourage foreign investment in mining and infrastructure sectors, benefiting US exporters.
