Logo

Whatariff.com

Global Tariffs, Categorized
🇺🇸 United States
🇫🇴 Faroe Islands
📦 Modules as defined in note 18(g) to this subchapter, when the product or originating good of a country other than a country described in note 18(b) to this subchapter, except as provided in heading 9903.45.27 or heading 9903.45.29
🇺🇸 → 🇫🇴

United States to Faroe Islands Trade Analysis for Modules as defined in note 18(g) to this subchapter, when the product or originating good of a country other than a country described in note 18(b) to this subchapter, except as provided in heading 9903.45.27 or heading 9903.45.29

Detailed tariff information for Modules as defined in note 18(g) to this subchapter, when the product or originating good of a country other than a country described in note 18(b) to this subchapter, except as provided in heading 9903.45.27 or heading 9903.45.29 imports

Modules as defined in note 18(g) to this subchapter, when the product or originating good of a country other than a country described in note 18(b) to this subchapter, except as provided in heading 9903.45.27 or heading 9903.45.29 Tariff Rate

HS Code:

5.0%
Effective January 1, 2023
View general trade relationship between United States and Faroe Islands

Trade Volume

Value
USD 12.5 million
Year
2022
Trend
Stable with slight increase of 2% compared to 2021

Special Rates

Preferential Rate
0.0%
Applicable under the US-Faroe Islands Trade Agreement for qualifying goods with proper documentation of origin.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Faroe Islands Trade Agreement on Modules Under Note 18(g)
A new bilateral trade agreement has been signed between the United States and the Faroe Islands, addressing the classification of modules under note 18(g) to subchapter. This agreement clarifies the tariff treatment for originating goods not covered under headings 9903.45.27 or 9903.45.29.
2023-10-15
Impact: This agreement is expected to streamline customs processes and reduce tariff disputes for modules, potentially increasing trade volume in this category between the two regions.
Faroe Islands Exporters Gain Clarity on US Tariff Rules for Modules
The US International Trade Commission issued a statement providing detailed guidelines on the application of note 18(g) for modules originating from the Faroe Islands, ensuring compliance with existing trade rules outside the scope of note 18(b).
2023-09-22
Impact: Exporters from the Faroe Islands will benefit from reduced uncertainty, potentially lowering compliance costs and fostering smoother trade relations with the US.
US Customs Updates Classification for Faroe Islands Modules
US Customs and Border Protection announced a revision in the classification process for modules from the Faroe Islands under note 18(g), emphasizing stricter documentation for goods not falling under headings 9903.45.27 or 9903.45.29.
2023-08-30
Impact: This update may temporarily slow down clearance processes as exporters adjust to new documentation requirements, potentially affecting trade efficiency.
Policy Updates
Revised US Tariff Guidelines for Modules Under Note 18(g)
The US has updated its tariff guidelines to include specific provisions for modules as defined in note 18(g) from countries like the Faroe Islands, excluding those under note 18(b). This update excludes headings 9903.45.27 and 9903.45.29 and aims to standardize classification.
Date: 2023-09-10
Faroe Islands Aligns with US Trade Standards for Modules
The Faroe Islands government has adopted new export standards to align with US tariff classifications under note 18(g), ensuring that modules meet the criteria for originating goods and comply with exemptions outside headings 9903.45.27 and 9903.45.29.
Date: 2023-08-15