Applicable under the African Growth and Opportunity Act (AGOA) for qualifying goods from the United States, subject to rules of origin and documentation.
A new trade agreement between the United States and Zambia has facilitated an increase in the export of powered electrical equipment (HS Code: 8501-8548) from the US to Zambia, focusing on sustainable energy solutions.
2023-10-15
Impact: This agreement is expected to increase US exports of electrical equipment to Zambia by 15% over the next year, strengthening bilateral trade ties.
Zambia Increases Demand for US-Made Electrical Machinery
Zambia's growing infrastructure projects have led to a surge in demand for US-manufactured electrical machinery powered by external sources, with a focus on renewable energy systems.
2023-09-22
Impact: US exporters are likely to see a steady rise in orders, potentially increasing trade volume in this sector by 10% in the coming months.
Recent trade discussions between US and Zambian officials emphasized the importance of electrical equipment trade, aiming to address Zambia's energy needs with US technology.
2023-08-30
Impact: These talks may lead to reduced tariffs on electrical equipment, fostering greater market access for US companies in Zambia.
Policy Updates
US-Zambia Trade Facilitation Agreement on Electrical Goods
A new policy under the US-Zambia Trade Facilitation Agreement reduces bureaucratic hurdles for the export of powered electrical equipment, streamlining customs processes.
Date: 2023-10-01
Zambia Revises Import Tariffs on Electrical Machinery
Zambia has lowered import tariffs by 5% on electrical machinery and equipment powered by external sources (HS Code: 8501-8548) to encourage foreign investment and infrastructure development.
