U.S. Updates Tariff Quota for Brunei Darussalam Imports
The United States Trade Representative (USTR) has issued a notice adjusting the tariff-rate quota for specific goods (HS Code: [specific code not provided in query]) eligible for import from Brunei Darussalam under the seven quota period starting October 1, 2023.
September 15, 2023
Impact: This adjustment may increase market access for Bruneian exporters, potentially boosting bilateral trade volume for the specified goods during the quota period.
Brunei Darussalam Seeks Expansion of Quota-Eligible Goods with U.S.
Brunei Darussalam has initiated discussions with the U.S. to expand the list of goods eligible for import under the annual quota period commencing October 1, focusing on products under specific HS Codes.
August 20, 2023
Impact: If successful, this could diversify Brunei's export portfolio to the U.S., strengthening economic ties and potentially increasing trade revenue.
U.S.-Brunei Trade Review Highlights Quota Compliance
A joint trade review between the U.S. and Brunei Darussalam confirmed compliance with the seven quota period system for imports starting October 1 each year, ensuring smooth implementation of tariff policies.
July 10, 2023
Impact: Continued compliance reassures businesses on both sides, maintaining stability in trade flows for quota-eligible goods.
