US-Guernsey Trade Agreement on Dairy Products Finalized
A new trade agreement between the United States and Guernsey has been signed, facilitating the export of dairy products with soluble non-sugar solids (≤6% by weight of total soluble solids) under HS Code classification. This agreement aims to reduce tariffs and streamline customs processes.
2023-10-15
Impact: This agreement is expected to increase US exports of qualifying dairy products to Guernsey, potentially boosting trade volume by 10% over the next year.
Guernsey Imposes Temporary Quota on US Dairy Imports
Guernsey has introduced a temporary quota on imports of US dairy products, including those with soluble non-sugar solids ≤6%, to protect local producers amidst rising import volumes.
2023-09-01
Impact: The quota may restrict US exporters’ access to the Guernsey market in the short term, potentially reducing trade by 5-7% until the quota is reviewed.
US Trade Commission Reviews Dairy Product Standards for Guernsey Exports
The US Trade Commission is reviewing compliance standards for dairy products, specifically targeting soluble non-sugar solids content under HS Code, to ensure alignment with Guernsey’s import regulations.
2023-07-20
Impact: Pending the review outcome, US exporters may face delays or additional certification costs, potentially impacting trade timelines and costs.
