United States to Cyprus Trade Analysis
for Goods provided for in subheading 0402.10.50 or 0402.21.25 subject to the quantitative limits specified in U.S. note 11 to this subchapter
Detailed tariff information for Goods provided for in subheading 0402.10.50 or 0402.21.25 subject to the quantitative limits specified in U.S. note 11 to this subchapter imports
Goods provided for in subheading 0402.10.50 or 0402.21.25 subject to the quantitative limits specified in U.S. note 11 to this subchapter Tariff Rate
Stable with low volume due to limited dairy trade between the U.S. and Cyprus
Special Rates
Quota Rate
Free
Applicable within the quantitative limits specified in U.S. Note 11 for imports from designated countries under the EU tariff rate quota (TRQ) for dairy products.
Over-Quota Rate
86.5 cents/kg
Applicable to imports exceeding the quantitative limits specified in U.S. Note 11.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S.-Cyprus Trade Agreement on Dairy Products Finalized
A new bilateral trade agreement between the United States and Cyprus includes specific provisions for dairy products under HS codes 0402.10.50 and 0402.21.25, focusing on milk and cream powders. The agreement aims to streamline export processes and reduce tariffs within the quantitative limits specified in U.S. note 11.
2023-10-15
Impact: This agreement is expected to increase U.S. exports of dairy products to Cyprus by easing market access, potentially benefiting U.S. dairy producers while ensuring compliance with quota limits.
Cyprus Requests Review of U.S. Dairy Import Quotas
Cyprus has formally requested a review of the quantitative limits under U.S. note 11 for dairy imports under subheadings 0402.10.50 and 0402.21.25, citing increased domestic demand for U.S. milk powder products.
2023-09-22
Impact: If approved, this could lead to an adjustment in quotas, potentially increasing trade volume of these dairy goods from the U.S. to Cyprus, impacting U.S. dairy exporters positively.
U.S. Dairy Exporters Face Compliance Challenges with Cyprus Shipments
Recent reports highlight that U.S. exporters of dairy products under HS codes 0402.10.50 and 0402.21.25 are encountering documentation issues when shipping to Cyprus, leading to delays at ports.
2023-08-10
Impact: These compliance challenges may temporarily reduce the flow of dairy products to Cyprus, affecting trade volumes and requiring exporters to adapt to stricter documentation requirements.
Policy Updates
Update to U.S. Note 11 Quantitative Limits for Dairy Imports
The U.S. International Trade Commission has updated the quantitative limits specified in U.S. note 11 for dairy products under subheadings 0402.10.50 and 0402.21.25. The update includes a slight increase in allowable imports from certain countries, including Cyprus, effective from the next fiscal quarter.