U.S.-Hong Kong Textile Trade Agreement Update on Apparel Goods
A recent bilateral discussion between the U.S. and Hong Kong highlighted the continuation of tariff preferences for textile and apparel goods assembled in Mexico with U.S.-formed and cut fabrics under specific HS codes (Chapters 61, 62, 63). The agreement emphasizes compliance with rules of origin.
October 10, 2023
Impact: This reinforces stable trade flows for qualifying apparel goods between the U.S. and Hong Kong, potentially increasing demand for U.S.-origin fabrics and Mexican assembly services.
Increased Scrutiny on Textile Imports from Mexico to Hong Kong via U.S. Rules
Hong Kong customs authorities announced stricter verification processes for textile and apparel imports claiming U.S. origin benefits, focusing on documentation for fabric components formed and cut in the U.S. and assembled in Mexico.
September 25, 2023
Impact: This may lead to delays in shipments and increased compliance costs for exporters, potentially affecting the competitiveness of these goods in the Hong Kong market.
U.S. Trade Representative Pushes for Enhanced Textile Trade Monitoring
The U.S. Trade Representative's office released a statement urging closer monitoring of textile and apparel goods under HS Chapters 61, 62, and 63 traded with Hong Kong, ensuring that assembly conditions in Mexico and U.S. fabric origins are strictly adhered to.
August 15, 2023
Impact: Stricter monitoring could impact trade volumes by increasing administrative burdens, though it aims to protect the integrity of preferential trade agreements.
