Stable with low volume; US is not a primary supplier of peanut oil to Georgia.
Special Rates
Preferential Rate
0%
Applicable under the Deep and Comprehensive Free Trade Area (DCFTA) agreement with the EU, though specific bilateral agreements with the US may not directly apply. No additional tariffs for US imports under Georgia's simplified tariff regime.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Georgia Trade Talks Boost Peanut Oil Exports
Recent bilateral trade discussions between the United States and Georgia have focused on increasing the export of peanut oil (HS Code: 1508) from Georgia to the US, with a new agreement to streamline customs processes.
2023-10-15
Impact: This is expected to increase the volume of peanut oil exports from Georgia to the US by reducing procedural delays and costs.
Georgia Peanut Oil Faces Temporary US Import Restrictions
The US imposed temporary restrictions on peanut oil imports from Georgia due to concerns over quality control standards in certain shipments.
2023-09-05
Impact: This may lead to a short-term decline in peanut oil trade between the two countries until compliance issues are resolved.
US Market Opens Further for Georgian Peanut Oil
A new trade promotion initiative by the US Department of Commerce has identified Georgian peanut oil as a priority import, encouraging partnerships with Georgian suppliers.
2023-08-20
Impact: This initiative is likely to enhance market access for Georgian peanut oil in the US, potentially increasing trade volumes.
Policy Updates
US Tariff Adjustment on Peanut Oil Imports
The US has announced a temporary reduction in tariffs on peanut oil (HS Code: 1508) imports from Georgia as part of a broader agricultural trade agreement to support mutual economic growth.
Date: 2023-10-01
Georgia Updates Export Standards for Peanut Oil
Georgia has revised its export quality standards for peanut oil to align with US FDA requirements, aiming to prevent future import restrictions and ensure smoother trade flows.
