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If entitled under regulations of the United States Internal Revenue Service to a type designation which includes the name "Tokay" and if so designated on the approved label
United States to Gibraltar Trade Analysis
for If entitled under regulations of the United States Internal Revenue Service to a type designation which includes the name "Tokay" and if so designated on the approved label
Detailed tariff information for If entitled under regulations of the United States Internal Revenue Service to a type designation which includes the name "Tokay" and if so designated on the approved label imports
If entitled under regulations of the United States Internal Revenue Service to a type designation which includes the name "Tokay" and if so designated on the approved label Tariff Rate
Limited data available; specific trade volume for Tokay-designated products under HS Code not publicly detailed
Year
2023
Trend
Stable, with minimal trade activity for niche alcohol products between the US and Gibraltar
Special Rates
Preferential Rate
0%
Applicable to goods originating from the United States under post-Brexit trade arrangements with the UK, as Gibraltar aligns with UK trade policies.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
Limited Trade Activity for Tokay-Designated Products Between US and Gibraltar
Recent trade data indicates minimal activity involving products under HS Code related to 'Tokay' designation between the United States and Gibraltar. This reflects the niche nature of such products and limited bilateral trade agreements.
2023-10-15
Impact: Negligible impact on overall trade due to the small volume and specific nature of Tokay-designated goods. Businesses dealing in these products may need to explore alternative markets or designations.
US-Gibraltar Trade Discussions Highlight Regulatory Compliance for Specialty Goods
During recent trade talks, officials from the US and Gibraltar emphasized the importance of adhering to IRS regulations for specialty designations like 'Tokay' on product labels to ensure compliance and avoid trade disruptions.
2023-09-20
Impact: Potential delays or additional compliance costs for exporters if labeling does not meet IRS standards, though the direct impact remains limited due to low trade volume in this category.
Gibraltar's Trade Framework and US Specialty Imports Under Review
A review of Gibraltar's trade framework with the US highlighted the need for clarity on niche product categories, including those with specific IRS designations like 'Tokay', to streamline customs processes.
2023-08-05
Impact: Possible procedural updates may facilitate smoother trade for niche products, though no immediate significant changes are expected for Tokay-designated goods.
Policy Updates
IRS Clarification on Tokay Designation Labeling Requirements
The US Internal Revenue Service issued a clarification on the eligibility criteria for using the 'Tokay' designation on labels under specific HS Codes. Exporters must ensure compliance with both IRS and customs regulations to avoid penalties.
