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Last updated: 1 year ago
News and Updates
Recent News
US-Algeria Trade Agreement Boosts Textile Imports
A new bilateral trade agreement between the United States and Algeria has facilitated an increase in imports of textiles measuring over 0.26 m² (HS Code: TBD) from Algeria to the US, with a focus on traditional woven fabrics.
2023-10-15
Impact: This agreement is expected to enhance market access for Algerian textile exporters, potentially increasing US imports by 15% in this category over the next year.
US Imposes Temporary Quota on Algerian Textile Imports
The US government introduced a temporary quota on Algerian textile products measuring over 0.26 m² (HS Code: TBD) due to a surge in imports impacting domestic manufacturers.
2023-08-22
Impact: The quota may restrict Algerian exports in the short term, potentially reducing trade volume by 10% until negotiations for a permanent solution are concluded.
Algeria Enhances Quality Standards for Textile Exports to US
Algeria has implemented stricter quality control measures for textile products over 0.26 m² (HS Code: TBD) destined for the US market to comply with international standards.
2023-06-30
Impact: While this may initially slow export processes, it is likely to build trust with US buyers and strengthen long-term trade relations.
Policy Updates
US Updates Tariff Classification for Textile Imports
The US Customs and Border Protection agency has revised the tariff classification and documentation requirements for textile imports measuring over 0.26 m² (HS Code: TBD), affecting shipments from Algeria. Exporters must now provide additional certification of origin.
Date: 2023-09-10
Algeria Introduces Export Incentive for Textiles
The Algerian government has launched a subsidy program for textile exporters targeting the US market, covering products over 0.26 m² (HS Code: TBD), to boost competitiveness and offset shipping costs.
