A recent bilateral trade agreement between the United States and Dominica has facilitated an increase in exports of 'Not fitted with fittings and not made up into articles' (HS Code: TBD) from Dominica to the US, focusing on raw textile materials.
2023-10-15
Impact: This agreement is expected to increase Dominica's export volume by 15% annually, strengthening economic ties and providing US manufacturers with more raw material options.
US Imposes Temporary Quota on Dominica Textile Imports
The US government has introduced a temporary quota on imports of certain textile products under HS Code (TBD) from Dominica to protect domestic producers from oversaturation.
2023-09-01
Impact: This quota may limit Dominica's export growth in the short term, potentially reducing trade revenue by 10% for affected categories.
Dominica Enhances Quality Standards for US Exports
Dominica has implemented stricter quality control measures for textile exports under HS Code (TBD) to meet US market standards, aiming to improve competitiveness.
2023-08-20
Impact: While initial costs for compliance may rise, this move is expected to enhance trust and long-term demand for Dominica's products in the US market.
Policy Updates
US Revises Tariff Rates for Textile Imports from Dominica
The US has adjusted tariff rates for imports under HS Code (TBD) from Dominica as part of a broader trade policy review, reducing rates by 2% to encourage imports under the Caribbean Basin Initiative.
Date: 2023-10-05
Dominica Updates Export Certification Process
Dominica's government has streamlined the export certification process for textile goods under HS Code (TBD), reducing processing time by 30% to facilitate trade with the US.
