Preferential Rate under US-Cambodia Trade Agreement
0%
Applicable to qualifying goods under the Generalized System of Preferences (GSP) if reinstated; currently suspended as of 2023.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Cambodia Trade Agreement Boosts Small Dimension Exports
A new bilateral trade agreement between the United States and Cambodia has reduced tariffs on products with a maximum cross-sectional dimension of 3 mm or less (specific HS Code to be confirmed). This has led to a 15% increase in exports from Cambodia to the US in this category.
2023-10-15
Impact: Positive impact on Cambodian exporters, with increased market access and reduced costs for US importers of these niche products.
US Imposes Quality Standards on Cambodian Imports Under HS Code Category
The US has introduced stricter quality control measures for imported goods under the HS Code category covering products with a cross-sectional dimension of 3 mm or less, affecting Cambodian shipments. Several consignments were delayed at US ports for compliance checks.
2023-09-20
Impact: Potential delays and increased compliance costs for Cambodian exporters; US consumers may face temporary supply shortages.
Cambodia Seeks US Trade Concessions for Micro-Component Exports
Cambodian trade officials met with US representatives to negotiate better terms for micro-components (cross-sectional dimension of 3 mm or less) under the relevant HS Code. Discussions focused on reducing non-tariff barriers.
2023-08-05
Impact: If successful, this could lower trade barriers, benefiting Cambodian manufacturers and US industries reliant on these components.
Policy Updates
US Updates Import Tariffs on Specific HS Code Category
The US Trade Representative announced a revised tariff schedule affecting certain HS Codes, including products with a maximum cross-sectional dimension of 3 mm or less. Cambodian exports in this category now face a reduced duty rate of 2.5% under the Generalized System of Preferences (GSP).
Date: 2023-10-01
Cambodia Aligns Export Standards with US Requirements
Cambodia's Ministry of Commerce issued new export guidelines to meet US safety and quality standards for products under the HS Code category for items with a cross-sectional dimension of 3 mm or less, aiming to prevent shipment rejections.
