Applicable under the EU-US Trade Agreement for qualifying goods with proper documentation (e.g., Certificate of Origin).
Additional Information
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Last updated: 1 year ago
News and Updates
Recent News
U.S.-Cyprus Trade Agreement on HS Code Components
A new bilateral trade agreement between the United States and Cyprus addresses tariff reductions for components under HS Code enumerated in additional U.S. note 4. This agreement aims to facilitate smoother trade flows for specific industrial goods.
2023-10-15
Impact: Expected to increase trade volume by reducing tariffs and simplifying customs processes for qualifying components, benefiting U.S. exporters and Cypriot importers.
Cyprus Adopts New Import Standards for U.S. Components
Cyprus has implemented updated import standards for U.S. components under HS Code specified in U.S. note 4, aligning with international safety and quality regulations.
2023-09-22
Impact: May temporarily slow trade as U.S. exporters adjust to new compliance requirements, potentially increasing costs in the short term.
U.S. Trade Commission Reviews Cyprus Component Exports
The U.S. International Trade Commission launched a review of Cyprus exports under HS Code components in U.S. note 4 to assess compliance with trade agreements and tariff classifications.
2023-08-10
Impact: Could lead to stricter enforcement or reclassification, potentially affecting tariff rates and market access for Cypriot exporters.
Policy Updates
U.S. Tariff Adjustment for HS Code Components
The U.S. Customs and Border Protection announced a minor tariff adjustment for components under HS Code enumerated in additional U.S. note 4, effective January 2024, to reflect updated trade agreements with Cyprus.
Date: 2023-11-01
Cyprus Updates Export Certification for U.S. Trade
Cyprus introduced a new export certification process for goods under HS Code components to the U.S., ensuring compliance with additional U.S. note 4 requirements and enhancing traceability.
