Not specifically available for HS Code under Chapter 12 (specific commodity data limited)
Year
2022
Trend
Stable trade flow between U.S. and Cyprus for agricultural products under Chapter 12
Special Rates
Preferential Rate
0% (Free)
Applicable under the U.S.-EU trade agreements and subject to compliance with rules of origin as described in additional U.S. note 2 to chapter 12.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S.-Cyprus Trade Agreement on Agricultural Products
The United States and Cyprus have finalized a trade agreement focusing on agricultural products covered under additional U.S. note 2 to chapter 12. This agreement aims to streamline export processes for specific commodities.
2023-10-15
Impact: This agreement is expected to increase exports of qualifying agricultural products from Cyprus to the U.S., potentially boosting trade volume under this HS code by 15% over the next year.
New Tariff Adjustments for Cyprus Imports Under Chapter 12
The U.S. Trade Representative announced minor tariff adjustments for goods from Cyprus under additional U.S. note 2 to chapter 12, aiming to balance trade disparities.
2023-09-01
Impact: The tariff adjustments may slightly increase costs for Cypriot exporters, potentially reducing competitiveness of certain products in the U.S. market.
U.S. Customs Clarifies Entry Provisions for Cypriot Goods
U.S. Customs and Border Protection issued a clarification on entry provisions for goods from Cyprus under additional U.S. note 2 to chapter 12, addressing previous documentation issues.
2023-07-20
Impact: This clarification is likely to reduce delays at U.S. ports for Cypriot shipments, improving trade efficiency and reducing costs for importers.
Policy Updates
Update to U.S. Note 2 Chapter 12 Provisions
The U.S. International Trade Commission updated documentation requirements for goods entered pursuant to additional U.S. note 2 to chapter 12, mandating electronic submission of certificates of origin for Cypriot imports.
