Applicable under the EU-US Trade Agreement for qualifying goods with proper documentation (e.g., Certificate of Origin).
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Last updated: 1 year ago
News and Updates
Recent News
US-Lithuania Trade Agreement Boosts Specific Tariff Category
A new bilateral trade agreement between the United States and Lithuania has reduced barriers for goods valued between 12.4¢/kg and 18.6¢/kg under specific HS codes, facilitating increased exports from Lithuania to the US.
2023-10-15
Impact: Expected to increase trade volume in this tariff category by 15% over the next year, benefiting Lithuanian exporters of niche agricultural products.
US Imposes Temporary Quota on Lithuanian Imports in Mid-Range Value Category
The US has introduced a temporary quota on imports from Lithuania for products valued between 12.4¢/kg and 18.6¢/kg due to domestic industry concerns over market saturation.
2023-09-22
Impact: This quota may restrict Lithuanian exports in the short term, potentially reducing trade by 10% in this category until the quota is reviewed.
Lithuanian Exports in Mid-Value Category Gain Traction in US Markets
Lithuanian exporters of goods valued between 12.4¢/kg and 18.6¢/kg have reported a surge in demand from US retailers, driven by competitive pricing and quality.
2023-08-05
Impact: Trade in this category has grown by 8% year-over-year, strengthening economic ties between the two nations.
Policy Updates
US Revises Tariff Classification for Mid-Value Goods
The US Customs and Border Protection agency has updated classification guidelines for goods valued between 12.4¢/kg and 18.6¢/kg, requiring more detailed documentation for imports from Lithuania to ensure compliance with trade agreements.
Date: 2023-10-01
Lithuania Introduces Export Incentive for Mid-Value Goods
The Lithuanian government has rolled out a subsidy program to support exporters of goods in the 12.4¢/kg to 18.6¢/kg range, aiming to boost competitiveness in the US market through tax rebates.
