Stable with slight increase of 2% compared to 2021
Special Rates
Preferential Rate under US-Israel Free Trade Agreement
0%
Applicable to goods originating from the United States with proper Certificate of Origin (Form A)
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S.-Israel Trade Agreement Boosts Clasps and Frames Sector
A recent bilateral trade agreement between the U.S. and Israel has reduced tariffs on various hardware items, including clasps and frames with clasps incorporating locks (HS Code: 8301.50). This has led to an increase in exports from Israel to the U.S.
2023-10-15
Impact: Positive impact with a projected 15% increase in trade volume for this category due to lower costs and improved market access.
U.S. Importers Report Surge in Demand for Israeli Locking Clasps
U.S. importers have noted a growing demand for high-quality clasps and frames with locks from Israel, driven by their use in luxury goods and security applications.
2023-09-22
Impact: Increased demand is expected to strengthen trade ties, with a potential 10% growth in imports over the next quarter.
Supply Chain Delays Affect Clasps Trade Between U.S. and Israel
Global shipping disruptions have delayed shipments of clasps and frames with clasps incorporating locks from Israel to the U.S., causing temporary shortages in the American market.
2023-08-30
Impact: Negative short-term impact with a 5% reduction in trade volume due to logistical challenges, expected to normalize by Q1 2024.
Policy Updates
U.S.-Israel Free Trade Agreement Amendment
An amendment to the U.S.-Israel Free Trade Agreement has eliminated tariffs on specific hardware categories, including clasps and frames with clasps incorporating locks (HS Code: 8301.50), to encourage bilateral trade.
Date: 2023-10-01
U.S. Customs Streamlines Import Procedures for Israeli Goods
U.S. Customs and Border Protection has introduced faster clearance processes for Israeli hardware imports, including clasps and frames with locks, to reduce delays and lower costs for importers.
