U.S. Expands Import Criteria for Source Materials from Kiribati
The U.S. has updated its criteria for certifying source materials under HS Code related to defense and security, facilitating smoother imports from Kiribati. This follows a bilateral agreement aimed at strengthening supply chains for critical materials.
2023-10-15
Impact: This is expected to increase the volume of certified material imports from Kiribati, supporting U.S. defense needs while boosting Kiribati's export economy.
Kiribati Signs New Trade Pact with U.S. on Strategic Materials
Kiribati and the U.S. finalized a trade pact focusing on materials certified for common defense and security, ensuring streamlined customs processes for HS Code-listed items.
2023-09-20
Impact: The pact reduces tariffs and bureaucratic delays, potentially increasing trade flow of strategic materials between the two nations.
U.S. Customs Reviews Certification Process for Kiribati Source Materials
The U.S. Commissioner of Customs initiated a review of certification processes for source materials from Kiribati under HS Code, aiming to enhance security and compliance measures.
2023-08-05
Impact: Temporary delays in certification could affect trade timelines, though long-term improvements are expected to stabilize and secure supply chains.
