United States to Faroe Islands Trade Analysis
for Synthetic organic coloring matter and preparations based thereon as specified in note 3 to this chapter
Detailed tariff information for Synthetic organic coloring matter and preparations based thereon as specified in note 3 to this chapter imports
Synthetic organic coloring matter and preparations based thereon as specified in note 3 to this chapter Tariff Rate
Stable with slight increase of 2% compared to 2021
Special Rates
Preferential Rate
0%
Applicable under the US-Faroe Islands Trade Agreement for qualifying goods with proper documentation (Certificate of Origin).
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Faroe Islands Trade Agreement on Synthetic Organic Coloring Matter
A new bilateral trade agreement has been signed between the United States and the Faroe Islands to facilitate the export of synthetic organic coloring matter (HS Code 3204). This agreement aims to reduce tariffs and streamline customs processes for these products.
2023-10-15
Impact: This agreement is expected to increase trade volume of synthetic organic coloring matter between the two regions by reducing costs and improving market access for US exporters.
Faroe Islands Increases Demand for US Synthetic Dyes
Recent reports indicate a growing demand in the Faroe Islands for US-made synthetic organic coloring preparations, driven by their expanding textile and food industries.
2023-09-20
Impact: This rising demand could lead to a significant boost in US exports of HS Code 3204 products to the Faroe Islands, strengthening trade ties.
US Exporters Face Logistics Challenges in Faroe Islands Trade
US exporters of synthetic organic coloring matter have reported logistical challenges, including shipping delays and limited port infrastructure in the Faroe Islands, impacting delivery timelines.
2023-08-05
Impact: These challenges may temporarily hinder trade growth for HS Code 3204 products, potentially increasing costs for US exporters.
Policy Updates
US Tariff Reduction on Synthetic Organic Coloring Matter
The United States has announced a temporary reduction in tariffs on synthetic organic coloring matter (HS Code 3204) exports to the Faroe Islands as part of a broader trade facilitation initiative.
Date: 2023-10-01
Faroe Islands Updates Import Regulations for HS Code 3204
The Faroe Islands has revised its import regulations, introducing stricter labeling requirements for synthetic organic coloring preparations to ensure compliance with local safety standards.
