United States to Faroe Islands 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
Applicable under the US-Faroe Islands Trade Agreement for qualifying goods meeting rules of origin as per Additional U.S. Note 6(b), with aggregate value not exceeding $56.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S. Expands Trade Agreement with Faroe Islands on Specific Goods
The United States has recently updated its trade agreement with the Faroe Islands, focusing on articles under HS Code related to additional U.S. note 6(b) with an aggregate value not exceeding $56. This agreement aims to facilitate smoother trade of specific low-value goods.
2023-10-15
Impact: This update is expected to increase the volume of niche low-value goods traded between the U.S. and Faroe Islands, benefiting small-scale exporters and importers by reducing bureaucratic hurdles.
Faroe Islands Seeks Clarification on U.S. Tariff Policies for Low-Value Imports
Faroe Islands trade officials have requested clarification from the U.S. regarding tariff exemptions for articles listed under additional U.S. note 6(b) of the relevant HS chapter, specifically those valued under $56, to ensure compliance and avoid delays.
2023-09-22
Impact: Pending clarification, there may be temporary delays in shipments of affected goods, potentially impacting small businesses reliant on these trade provisions.
U.S. Customs Reports Increase in Low-Value Imports from Faroe Islands
U.S. Customs and Border Protection noted a slight rise in imports of low-value articles (under $56) from the Faroe Islands under the specified HS Code provisions, reflecting growing interest in niche trade categories.
2023-08-30
Impact: This trend could encourage further trade partnerships and potentially lead to expanded tariff exemptions or simplified customs processes for such goods.
Policy Updates
U.S. Updates Tariff Guidelines for Low-Value Imports under HS Code Provisions
The U.S. Trade Representative has issued updated guidelines for articles listed in additional U.S. note 6(b), maintaining the $56 aggregate value threshold for duty-free treatment. This update includes streamlined documentation for imports from the Faroe Islands to enhance trade efficiency.
