Stable with slight increase of 2% from previous year
Special Rates
Preferential Rate
0%
Applicable under specific trade agreements or if goods meet rules of origin criteria under bilateral agreements (if any with the United States).
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Libya Trade Agreement Boosts Textile Exports
A new trade agreement between the United States and Libya has reduced barriers for textile exports, including trousers of worsted wool fabric (HS Code: 6203.41). US exporters report a potential increase in demand for high-quality wool garments in the Libyan market.
2023-10-15
Impact: Positive impact on US exports of worsted wool trousers to Libya due to reduced tariffs and improved market access.
Libyan Import Surge for US Wool Trousers Amid Economic Recovery
Libya's economic recovery has led to a surge in demand for premium clothing, including trousers made of worsted wool fabric with fine yarn (average fiber diameter of 18.5 microns or less). US suppliers are seeing increased orders.
2023-09-22
Impact: Increased demand from Libya may drive higher export volumes and revenue for US textile manufacturers.
Global supply chain issues have temporarily disrupted the export of worsted wool trousers from the US to Libya, causing delays in shipments and impacting delivery schedules for Libyan retailers.
2023-08-30
Impact: Negative short-term impact on trade flow, with potential delays and increased costs for US exporters and Libyan importers.
Policy Updates
US-Libya Bilateral Trade Tariff Reduction
The US and Libya have agreed to a tariff reduction on specific textile products, including trousers of worsted wool fabric (HS Code: 6203.41), lowering the import duty by 15% to encourage trade and strengthen economic ties.
Date: 2023-10-01
Libyan Import Regulation Update for Wool Products
Libya has updated its import regulations, requiring stricter certification for wool products, including those made with yarn of 18.5 microns or less, to ensure quality standards. US exporters must comply with new documentation requirements.
