Stable with slight increase of 2% from previous year
Special Rates
Preferential Rate
0.0%
Applicable under the US-Greenland Trade Agreement for specific goods meeting origin criteria.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Greenland Trade Agreement Boosts Imports of HS Code Items
A new bilateral trade agreement between the United States and Greenland has facilitated an increase in the import of goods under HS Code category (length exceeding 4 m but not exceeding 6.5 m), focusing on construction materials and equipment.
2023-10-15
Impact: This agreement is expected to reduce tariffs, potentially increasing trade volume by 15% over the next year for these specific goods.
Greenland Exports of HS Code Items to US Face Shipping Delays
Recent logistical challenges in Greenland's main ports have delayed shipments of HS Code items (length exceeding 4 m but not exceeding 6.5 m) to the United States, affecting supply chains for certain industrial products.
2023-09-20
Impact: Delays may lead to temporary shortages and higher costs for US importers reliant on these goods.
US Increases Demand for Greenland’s HS Code Products
Growing infrastructure projects in the US have spurred demand for Greenland’s exports under the HS Code category (length exceeding 4 m but not exceeding 6.5 m), particularly specialized machinery components.
2023-08-05
Impact: This surge in demand could strengthen trade ties, with Greenland exporters likely to see a revenue increase of 10-12% in this sector.
Policy Updates
US-Greenland Tariff Reduction on HS Code Items
The US and Greenland have agreed to reduce tariffs by 5% on goods under the HS Code category (length exceeding 4 m but not exceeding 6.5 m) as part of a broader trade enhancement initiative.
Date: 2023-10-10
Greenland Introduces Export Quota for HS Code Products
Greenland has implemented a temporary export quota on certain HS Code items (length exceeding 4 m but not exceeding 6.5 m) to balance domestic supply needs, potentially affecting US importers.
