Stable with slight increase compared to previous year
Special Rates
Preferential Rate
0%
Applicable under the African Growth and Opportunity Act (AGOA) for qualifying goods from the United States, subject to rules of origin and documentation.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Angola Trade Agreement Boosts Textile Sector
A new trade agreement between the United States and Angola has reduced tariffs on mixed artificial staple fiber products (HS Code: 5512), encouraging exports from Angola to the US.
2023-10-15
Impact: This agreement is expected to increase Angola's export volume of mixed artificial staple fibers to the US by 15% over the next year, fostering stronger bilateral trade ties.
US Importers Show Interest in Angolan Artificial Fiber Market
Several US textile companies have expressed interest in sourcing mixed artificial staple fibers from Angola due to competitive pricing and quality improvements.
2023-09-22
Impact: This growing interest could lead to a significant rise in trade volume, potentially doubling current import figures of these products into the US from Angola within two years.
Logistics Challenges Impact US-Angola Fiber Trade
Recent shipping delays and port congestion in Angola have slowed the export of mixed artificial staple fibers to the United States, affecting supply chains.
2023-08-30
Impact: Trade flows may face temporary disruptions, with a potential 10% decrease in export efficiency until logistics issues are resolved.
Policy Updates
US Revises Tariff Structure for Angolan Textile Imports
The US government has updated its tariff policy, lowering duties on mixed artificial staple fiber products (HS Code: 5512) imported from Angola under the African Growth and Opportunity Act (AGOA) to promote trade.
Date: 2023-10-01
Angola Introduces Export Incentives for Textile Sector
Angola has implemented new export incentives, including tax rebates for companies exporting mixed artificial staple fibers, aiming to boost trade with key partners like the US.