United States to Madagascar Trade Analysis
for Bi-component fibers having an outer copolymer sheath that melts at a lower temperature than the core, of a kind used for bonding fibers together
Detailed tariff information for Bi-component fibers having an outer copolymer sheath that melts at a lower temperature than the core, of a kind used for bonding fibers together imports
Bi-component fibers having an outer copolymer sheath that melts at a lower temperature than the core, of a kind used for bonding fibers together Tariff Rate
Stable with slight increase of 3% compared to 2021
Special Rates
Preferential Rate under AGOA
0%
Applicable to qualifying goods from the United States under the African Growth and Opportunity Act (AGOA), subject to rules of origin and documentation requirements.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S. Increases Import of Bi-Component Fibers from Madagascar
Recent trade data shows a 20% increase in U.S. imports of bi-component fibers (HS Code: 5503.40) from Madagascar, driven by demand in the textile bonding industry.
2023-10-15
Impact: This surge strengthens trade ties between the U.S. and Madagascar, potentially leading to more favorable trade agreements for these specific fibers.
Madagascar Boosts Production of Bi-Component Fibers for U.S. Market
Madagascar has ramped up production of bi-component fibers with low-melting sheaths to meet growing U.S. demand, focusing on quality and competitive pricing.
2023-09-22
Impact: Increased supply could lower costs for U.S. manufacturers, enhancing the competitiveness of bonded fiber products in the domestic market.
During recent bilateral trade discussions, Madagascar pushed for reduced tariffs on bi-component fibers to bolster exports to the U.S. textile sector.
2023-08-10
Impact: Potential tariff reductions could increase Madagascar’s export volume, benefiting U.S. industries reliant on these specialized fibers.
Policy Updates
AGOA Renewal Discussions Include Bi-Component Fibers
The African Growth and Opportunity Act (AGOA), which facilitates duty-free exports from Madagascar to the U.S., is under review for renewal, with specific mentions of including niche products like bi-component fibers (HS Code: 5503.40) to support textile innovation.
