A recent bilateral trade agreement has facilitated an increase in exports of goods under HS Code category 'Of a width not exceeding 4 mm' from Costa Rica to the United States, focusing on precision materials.
2023-10-15
Impact: This agreement is expected to enhance market access for Costa Rican exporters, potentially increasing trade volume by 15% in this category over the next year.
Costa Rica Implements Quality Standards for Narrow Width Products
Costa Rica has introduced stricter quality control measures for products under HS Code 'Of a width not exceeding 4 mm' to meet US import standards, aiming to reduce rejection rates at US ports.
2023-09-20
Impact: While short-term costs for exporters may rise due to compliance, long-term benefits include stronger trust and increased demand from US buyers.
US Importers Report Supply Chain Delays for Narrow Width Goods from Costa Rica
US importers have faced delays in receiving shipments of narrow width materials (HS Code: Of a width not exceeding 4 mm) from Costa Rica due to port congestion and logistical challenges.
2023-08-05
Impact: Delays could temporarily reduce trade efficiency, potentially leading to a 5-10% drop in order fulfillment rates for this category in the near term.
Policy Updates
US-Costa Rica Free Trade Agreement Amendment
An amendment to the US-Costa Rica Free Trade Agreement (CAFTA-DR) reduces tariffs by 2% on specific industrial goods, including those under HS Code 'Of a width not exceeding 4 mm,' to encourage bilateral trade.
Date: 2023-10-01
Costa Rica Updates Export Certification Process
Costa Rica has streamlined its export certification process for narrow width goods under HS Code 'Of a width not exceeding 4 mm,' reducing paperwork and processing time by 30% to facilitate faster shipments to the US.
