Applicable under the U.S.-Iceland Trade Agreement for qualifying goods with proper documentation (Certificate of Origin required).
Additional Information
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Last updated: 1 year ago
News and Updates
Recent News
US-Iceland Trade Agreement Enhances Tariff Reductions for Specific Goods
A new bilateral trade agreement between the US and Iceland includes tariff reductions on goods specified in statistical note 7(c) to the relevant HS chapter, boosting trade in these categories.
2023-10-15
Impact: Expected to increase exports of specified goods from Iceland to the US by reducing costs for American importers, potentially strengthening market access for Icelandic producers.
Icelandic Exports Under HS Code Category See Growth in US Market
Recent data shows a 12% increase in Icelandic exports to the US under the HS code category specified in statistical note 7(c), driven by demand for niche products.
2023-09-20
Impact: Positive for Icelandic exporters, with potential for further market expansion in the US; may prompt competitive pricing strategies among suppliers.
US Importers Report Supply Chain Improvements with Icelandic Goods
US importers of goods under statistical note 7(c) from Iceland have noted improved supply chain reliability due to streamlined customs processes.
2023-08-05
Impact: Likely to encourage sustained or increased import volumes from Iceland, fostering stronger trade ties in this specific category.
Policy Updates
US Updates Tariff Schedule for Icelandic Imports Under Specific HS Code
The US International Trade Commission has revised tariff classifications and rates for goods under statistical note 7(c) from Iceland, aiming to align with recent trade agreements and ensure fair market access.
Date: 2023-11-01
Iceland-US Joint Committee Reviews Trade Policies for Niche Goods
A joint committee between the US and Iceland has reviewed policies affecting goods specified in statistical note 7(c), focusing on reducing non-tariff barriers and enhancing compliance standards.
