A new bilateral trade agreement between the United States and Argentina has reduced tariffs on hand-hooked textiles (HS Code: 5703.10), leading to a surge in imports of these products from Argentina to the US.
2023-09-15
Impact: This agreement is expected to increase the volume of hand-hooked textile trade by 15% over the next year, benefiting Argentine artisans and US retailers.
Argentine Hand-Hooked Rug Exports Face Quality Control Scrutiny in US
US customs authorities have implemented stricter quality control measures on hand-hooked rugs imported from Argentina, citing inconsistencies in craftsmanship and materials.
2023-08-22
Impact: This could temporarily delay shipments and increase costs for Argentine exporters, potentially reducing trade volume until compliance is ensured.
US Demand for Hand-Hooked Argentine Products Rises Amid Sustainable Trends
Growing consumer interest in sustainable and handmade products in the US has led to a 10% increase in demand for Argentine hand-hooked textiles, particularly rugs and carpets.
2023-07-10
Impact: This trend is likely to strengthen trade ties, encouraging more Argentine producers to target the US market with eco-friendly certifications.
Policy Updates
US Tariff Reduction on Hand-Hooked Textiles from Argentina
The US Trade Representative announced a tariff reduction on hand-hooked textiles (HS Code: 5703.10) from Argentina, dropping the rate from 6% to 3% as part of a broader trade facilitation agreement.
Date: 2023-09-01
Argentina Implements Export Incentives for Handmade Textiles
The Argentine government introduced a 5% export rebate for hand-hooked textile products to encourage small-scale producers to enter international markets, including the US.
