A recent amendment to the US-Chile Free Trade Agreement has reduced tariffs on products of animal origin (HS Code 05), facilitating an increase in exports from Chile to the US, particularly in niche markets like edible offal and animal fats.
October 10, 2023
Impact: This is expected to increase Chilean exports to the US by 15% in this category over the next year, strengthening bilateral trade ties.
Chilean Animal Product Suppliers Face US Inspection Delays
US customs have implemented stricter inspection protocols for animal origin products from Chile due to concerns over compliance with sanitary standards, causing delays at major ports.
September 5, 2023
Impact: Trade flow disruptions may lead to a temporary 10% reduction in imports to the US, affecting Chilean exporters’ revenue.
New Market Opportunities for Chilean Animal By-Products in the US
Chilean producers of animal by-products, such as gelatin and hides, have secured new contracts with US-based manufacturers, driven by rising demand for sustainable raw materials.
August 20, 2023
Impact: This development is projected to boost trade volume in HS Code 05 products by 8% in the coming quarters, benefiting Chilean suppliers.
Policy Updates
US-Chile FTA Tariff Reduction on Animal Origin Products
Under the US-Chile Free Trade Agreement, tariffs on specific animal origin products (HS Code 05) have been reduced by 5%, aiming to encourage trade and competitiveness in this sector.
Date: October 1, 2023
US Updates Sanitary Requirements for Animal Product Imports
The US Department of Agriculture has introduced stricter sanitary and phytosanitary measures for imports of animal origin products from Chile, requiring additional certifications to ensure compliance with safety standards.
