Applicable to qualifying goods under the African Growth and Opportunity Act (AGOA) if imported from the United States and meeting rules of origin criteria.
A new trade agreement under the African Growth and Opportunity Act (AGOA) has led to a significant increase in textile exports from Lesotho to the United States, focusing on apparel classified under specific HS Codes.
July 10, 2023
Impact: Positive impact on Lesotho's economy with increased export volumes; potential for job creation in the textile sector.
U.S. Imposes Temporary Tariff Adjustment on Lesotho Imports
The U.S. announced a temporary adjustment in tariffs on certain goods from Lesotho, including specific HS Code categories, to address supply chain concerns.
August 15, 2023
Impact: Mixed impact; short-term cost increase for U.S. importers, but may encourage diversification of supply chains.
Lesotho Textile Sector Faces U.S. Market Challenges
Reports indicate logistical and compliance issues affecting Lesotho's textile exports to the U.S., particularly under relevant HS Codes, leading to delays at U.S. ports.
September 20, 2023
Impact: Negative short-term impact on trade flow; potential for reduced export revenue if issues persist.
Policy Updates
AGOA Renewal Discussions for Lesotho
The U.S. Trade Representative initiated discussions on the renewal and potential expansion of AGOA benefits for Lesotho, focusing on duty-free access for specific HS Code categories.
Date: June 25, 2023
U.S. Updates Import Compliance Rules
New compliance requirements for imports from Lesotho under AGOA were introduced, mandating stricter documentation for goods under relevant HS Codes to ensure eligibility for preferential tariffs.
