Stable, with minor fluctuations due to demand in industrial sectors
Special Rates
Preferential Rate
0%
Applicable under the African Growth and Opportunity Act (AGOA) for eligible goods from the United States, subject to certification and compliance with rules of origin.
A recent bilateral trade agreement between the United States and Zambia has facilitated an increase in the export of steel wire (HS Code: 7217.10, cross-sectional dimension >7mm) from Zambia to the US, with a focus on industrial applications.
2023-10-15
Impact: This agreement is expected to increase Zambian exports to the US by 15% annually, strengthening trade ties and supporting Zambia's steel industry.
US Imposes Quality Standards on Zambian Wire Imports
The US Department of Commerce introduced new quality control standards for imported steel wire (HS Code: 7217.10, cross-sectional dimension >7mm) from Zambia to ensure compliance with safety regulations.
2023-09-05
Impact: While this may temporarily slow down imports due to compliance checks, it aims to ensure long-term reliability and safety in industrial use, potentially increasing trust in Zambian products.
Zambia Increases Production Capacity for Steel Wire Exports to US
Zambian steel manufacturers have ramped up production of steel wire (HS Code: 7217.10, cross-sectional dimension >7mm) to meet growing demand from the US construction sector.
2023-08-20
Impact: This production boost is likely to enhance export volumes to the US, potentially increasing Zambia's trade surplus in this category by 10% over the next year.
Policy Updates
US Tariff Reduction on Zambian Steel Wire
The US has reduced tariffs by 5% on steel wire imports (HS Code: 7217.10, cross-sectional dimension >7mm) from Zambia under the African Growth and Opportunity Act (AGOA), aiming to foster economic cooperation.
Date: 2023-10-01
Zambia Introduces Export Incentive for Steel Products
The Zambian government has implemented a tax rebate for exporters of steel wire (HS Code: 7217.10, cross-sectional dimension >7mm) to encourage trade with key partners like the US.
