A recent bilateral trade agreement between the U.S. and Cambodia has reduced tariffs on textile products, including items under HS Code 666 (outer shell of man-made fibers), leading to a projected increase in Cambodian exports to the U.S.
2023-10-15
Impact: This agreement is expected to increase Cambodian exports of man-made fiber outerwear to the U.S. by 15% over the next year, strengthening trade ties.
Cambodia Faces U.S. Labor Compliance Review for Textile Trade
The U.S. has initiated a review of Cambodia’s labor practices in the textile sector, including products under HS Code 666, due to concerns over working conditions, which could affect trade benefits under existing agreements.
2023-09-20
Impact: Potential suspension of trade preferences could reduce Cambodian exports of man-made fiber outerwear to the U.S. if labor issues are not addressed.
U.S. Importers Shift to Cambodian Textile Suppliers Amid Supply Chain Diversification
U.S. apparel companies are increasingly sourcing outerwear made of man-made fibers (HS Code 666) from Cambodia as part of efforts to diversify supply chains away from traditional manufacturing hubs.
2023-08-05
Impact: This shift is likely to boost Cambodia’s market share in the U.S. for man-made fiber outerwear, with a reported 10% increase in orders this quarter.
Policy Updates
U.S. Extends GSP Benefits for Cambodian Textile Products
The U.S. government has renewed the Generalized System of Preferences (GSP) for Cambodia, providing duty-free access for certain textile products, including those under HS Code 666 (outer shell of man-made fibers), to support economic development.
Date: 2023-07-01
Cambodia Implements New Export Compliance Standards
Cambodia has introduced stricter export compliance regulations to meet U.S. trade standards for textile products under HS Code 666, aiming to ensure adherence to environmental and labor requirements.
