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Global Tariffs, Categorized
🇺🇸 United States
🇱🇹 Lithuania
📦 Synthetic filament tow
🇺🇸 → 🇱🇹

United States to Lithuania Trade Analysis for Synthetic filament tow

Detailed tariff information for Synthetic filament tow imports

Synthetic filament tow Tariff Rate

HS Code:

6.5%
Effective 2023-01-01
View general trade relationship between United States and Lithuania

Trade Volume

Value
Approximately €2.3 million
Year
2022
Trend
Stable with slight increase of 3% compared to 2021

Special Rates

Preferential Rate
0%
Applicable under the EU-US Trade Agreement for qualifying goods with proper documentation (e.g., Certificate of Origin).

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US Increases Exports of Synthetic Filament Tow to Lithuania
Recent trade data indicates a 20% increase in synthetic filament tow exports from the US to Lithuania in Q3 2023, driven by growing demand in the Baltic region's textile industry.
2023-10-15
Impact: This surge strengthens bilateral trade ties and supports US manufacturers while boosting Lithuania's textile production capacity.
Lithuania Implements New Quality Standards for Synthetic Filament Imports
Lithuania has introduced stricter quality control measures for synthetic filament tow imports, aligning with EU regulations, which may affect US exporters.
2023-09-01
Impact: US suppliers may face additional compliance costs and delays, potentially impacting export volumes in the short term.
US-Lithuania Trade Talks Highlight Synthetic Filament Sector
During recent bilateral trade discussions, both countries emphasized the importance of synthetic filament tow trade as part of broader economic cooperation.
2023-08-10
Impact: This focus could lead to streamlined trade processes and potential tariff reductions, benefiting exporters on both sides.
Policy Updates
US Updates Export Controls for Synthetic Fibers
The US Department of Commerce has revised export control policies for synthetic filament tow (HS Code 5501), requiring additional documentation for shipments to certain EU countries, including Lithuania, to ensure compliance with international trade standards.
Date: 2023-09-15
Lithuania Adopts EU Tariff Adjustments for Synthetic Filaments
Lithuania, in line with EU policy, has adjusted import tariffs on synthetic filament tow, reducing rates by 2% to encourage trade while maintaining environmental standards.
Date: 2023-07-20