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Global Tariffs, Categorized
🇺🇸 United States
🇮🇳 India
📦 Drawstring bags with outer surface of sheeting of plastic or of textile materials, such bags of nylon, presented packaged in sets of 5 bags per set and labeled for retail sale, each bag with capacity of less than 1 liter in volume (provided for in subheading 4202.92.91)
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United States to India Trade Analysis for Drawstring bags with outer surface of sheeting of plastic or of textile materials, such bags of nylon, presented packaged in sets of 5 bags per set and labeled for retail sale, each bag with capacity of less than 1 liter in volume (provided for in subheading 4202.92.91)

Detailed tariff information for Drawstring bags with outer surface of sheeting of plastic or of textile materials, such bags of nylon, presented packaged in sets of 5 bags per set and labeled for retail sale, each bag with capacity of less than 1 liter in volume (provided for in subheading 4202.92.91) imports

Drawstring bags with outer surface of sheeting of plastic or of textile materials, such bags of nylon, presented packaged in sets of 5 bags per set and labeled for retail sale, each bag with capacity of less than 1 liter in volume (provided for in subheading 4202.92.91) Tariff Rate

HS Code:

20%
Effective April 1, 2023
View general trade relationship between United States and India

Trade Volume

Value
USD 1.2 million
Year
2022
Trend
Increasing by 5% annually due to growing demand for travel and storage accessories in India.

Special Rates

Preferential Rate under US-India Trade Agreement
10%
Applicable only if imported under the provisions of the US-India bilateral agreement and accompanied by a Certificate of Origin.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-India Trade Talks Highlight Drawstring Bag Exports
Recent trade discussions between the US and India focused on increasing exports of drawstring bags made of nylon and plastic sheeting. Indian manufacturers are seeking to expand their market share in the US for retail-packaged sets.
2023-10-15
Impact: Potential increase in Indian exports of drawstring bags under HS 4202.92.91 to the US, pending tariff negotiations and market access agreements.
US Retailers Show Interest in Indian Drawstring Bag Sets
Major US retail chains have expressed interest in sourcing drawstring bag sets (capacity less than 1 liter) from Indian suppliers, citing competitive pricing and quality of nylon and textile materials.
2023-09-22
Impact: Likely boost in demand for Indian-made drawstring bags, strengthening bilateral trade in this niche category.
India Seeks Tariff Reductions for Drawstring Bags in US Market
Indian trade officials have proposed tariff reductions for drawstring bags under HS 4202.92.91 during recent US-India trade negotiations to enhance export competitiveness.
2023-08-30
Impact: If approved, reduced tariffs could lead to a significant rise in exports of these bags from India to the US, benefiting Indian manufacturers.
Policy Updates
US-India Trade Framework Review
The US and India are reviewing their bilateral trade framework, with specific attention to tariff classifications under HS 4202.92.91 for drawstring bags. Discussions aim to address non-tariff barriers and streamline customs processes for retail-packaged sets.
Date: 2023-10-01