United States to Cyprus Trade Analysis
for In any pattern for which the aggregate value of the articles listed in additional U.S. note 6(b) of this chapter is not over $56
Detailed tariff information for In any pattern for which the aggregate value of the articles listed in additional U.S. note 6(b) of this chapter is not over $56 imports
In any pattern for which the aggregate value of the articles listed in additional U.S. note 6(b) of this chapter is not over $56 Tariff Rate
Stable with slight growth in technology and pharmaceutical sectors
Special Rates
Preferential Rate
0%
Applicable under the EU-US trade agreements and for goods meeting rules of origin as per EU regulations.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S.-Cyprus Trade Agreement Update on HS Code Items
The United States and Cyprus have reached a new understanding on the trade of articles under HS Code with a value not exceeding $56, as listed in additional U.S. note 6(b). This agreement aims to streamline customs processes for these goods.
2023-10-15
Impact: Expected to facilitate smoother trade and reduce administrative burdens for small-value shipments between the two countries.
Increased Exports of Low-Value Goods to Cyprus
Recent data shows a rise in U.S. exports of articles under additional U.S. note 6(b) to Cyprus, with aggregate values under $56, reflecting growing demand for niche products.
2023-09-20
Impact: Positive for U.S. exporters targeting the Cypriot market, potentially increasing bilateral trade volume in this category.
Cyprus Implements New Import Guidelines for U.S. Goods
Cyprus has introduced updated import guidelines affecting articles under HS Code with values not over $56, requiring additional documentation for compliance with local regulations.
2023-08-05
Impact: May slightly increase compliance costs for U.S. exporters but ensures better regulatory alignment in trade practices.
Policy Updates
U.S. Customs Clarification on Note 6(b) Articles
U.S. Customs and Border Protection issued a clarification on the classification and valuation of articles under additional U.S. note 6(b), ensuring consistent application of the $56 threshold for trade with Cyprus and other partners.
Date: 2023-10-01
Cyprus Revises Tariff Exemptions for Low-Value Imports
Cyprus updated its tariff exemption policies for imports under $56, aligning with EU regulations and providing specific exemptions for goods listed in U.S. note 6(b) to encourage small-scale trade.
