Limited data available; estimated at less than $50,000 USD
Year
2022
Trend
Stable with minimal trade activity
Special Rates
Preferential Rate
0%
Applicable under specific trade agreements or for least developed country status, subject to documentation and compliance with rules of origin.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Eritrea Trade Discussions on Cotton Fibers
Recent talks between the United States and Eritrea have focused on increasing trade of processed cotton fibers (HS Code: 5202). Both nations aim to establish a framework for smoother export processes.
2023-10-15
Impact: Potential increase in export volume of processed cotton fibers from Eritrea to the US, pending agreement on tariffs and quotas.
Eritrea Seeks US Market Access for Cotton Products
Eritrea has initiated negotiations with the US to gain better market access for its processed but not spun cotton fibers, citing mutual economic benefits.
2023-09-05
Impact: Could lead to reduced trade barriers and increased supply of Eritrean cotton fibers to US textile industries if successful.
US Reviews Import Policies for Eritrean Cotton Fibers
The US Trade Representative's office is reviewing import policies for cotton fibers from Eritrea under HS Code 5202, amid calls for diversified sourcing.
2023-08-20
Impact: Possible relaxation of import restrictions could boost Eritrean cotton fiber exports to the US, impacting local textile markets.
Policy Updates
US Updates Tariff Schedule for Cotton Imports
The US has updated its tariff schedule for cotton products under HS Code 5202, with potential implications for Eritrean imports. Specific rates are under review for African nations.
Date: 2023-10-01
Eritrea Announces Export Incentive for Cotton Fibers
Eritrea's government introduced a new export incentive program to support the cotton fiber industry, offering subsidies to exporters targeting the US market.
