US-India Trade Talks Highlight Tariff Reductions on Monofilament and Multifilament Products
During the recent US-India trade discussions, both nations explored tariff reductions on HS Code 5404 products, including monofilament and multifilament with twist less than 5 turns per meter, to boost bilateral trade in synthetic textile materials.
2023-10-15
Impact: Potential tariff reductions could increase export volumes of monofilament and multifilament products from India to the US, benefiting Indian manufacturers and US importers seeking cost-effective raw materials.
Indian Exporters of Multifilament Yarn Face US Import Scrutiny
US Customs has increased scrutiny on imports of multifilament yarn (HS Code 5404) from India due to concerns over misclassification and undervaluation, leading to delays in clearance at US ports.
2023-09-22
Impact: Delays may temporarily disrupt the supply chain for Indian exporters, increasing costs and affecting competitiveness in the US market for these products.
US Demand for Indian Monofilament Products Rises Amid Supply Chain Shifts
With global supply chain disruptions, US industries are increasingly sourcing monofilament products from India under HS Code 5404, driven by quality and competitive pricing.
2023-08-10
Impact: This trend is likely to boost Indian exports to the US, strengthening trade ties and encouraging investment in production capacity for monofilament goods in India.
