Applicable under the Generalized System of Preferences (GSP) if the U.S. meets origin criteria and documentation requirements.
Additional Information
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Last updated: 1 year ago
News and Updates
Recent News
U.S. Increases Import of Storage Lockers from Bolivia Amid Rising Demand
Recent trade data shows a 20% increase in the import of storage lockers (excluding exchange lockers) from Bolivia to the United States in the third quarter of 2023, driven by demand in commercial and residential sectors.
October 15, 2023
Impact: This surge strengthens bilateral trade ties and may lead to increased Bolivian manufacturing investments to meet U.S. market needs.
Bolivian Storage Locker Manufacturers Gain U.S. Market Access
A new trade agreement has facilitated easier access for Bolivian storage locker producers to the U.S. market, with reduced certification barriers for non-exchange locker products under HS Code classifications.
September 5, 2023
Impact: This could result in a higher volume of Bolivian storage lockers entering the U.S., potentially lowering costs for American consumers.
Logistical disruptions in South American ports have delayed shipments of storage lockers from Bolivia to the United States, impacting delivery timelines for several U.S. retailers.
August 20, 2023
Impact: Delays may lead to temporary shortages in the U.S. market, potentially increasing prices for storage lockers in the short term.
Policy Updates
U.S. Revises Tariff Classification for Storage Lockers
The U.S. Customs and Border Protection updated the tariff classification guidelines for storage lockers (excluding exchange lockers as per statistical note 4), ensuring clearer categorization under the Harmonized System (HS) Code for imports from countries like Bolivia.
Date: October 1, 2023
Bolivia-U.S. Trade Facilitation Agreement on Non-Exchange Lockers
A bilateral agreement between the U.S. and Bolivia has been signed to streamline customs procedures for storage lockers, reducing paperwork and inspection times for non-exchange locker imports.
