Applicable if goods qualify under the United States-Mexico-Canada Agreement (USMCA) rules of origin and proper documentation is provided.
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Last updated: 1 year ago
News and Updates
Recent News
US-Malaysia Trade Talks Focus on Tariff Reductions for Electronics
Recent bilateral discussions between the United States and Malaysia have prioritized tariff reductions on electronics (HS Code: 85), a major export category for Malaysia. Negotiations aim to strengthen supply chain resilience amidst global disruptions.
October 15, 2023
Impact: Potential reduction in tariffs could boost Malaysian electronics exports to the US, increasing trade volume and benefiting US consumers with lower prices.
Malaysia Increases Palm Oil Shipments to US Amid Trade Agreement Review
Malaysia has ramped up palm oil exports (HS Code: 15) to the United States following a review of trade agreements. The move comes as both nations address sustainability and labor concerns in the sector.
August 20, 2023
Impact: Increased palm oil trade may strengthen economic ties, though US scrutiny on sustainability could impose future restrictions.
US Imposes Temporary Restrictions on Malaysian Rubber Imports
The US has introduced temporary import restrictions on Malaysian rubber products (HS Code: 40) due to concerns over forced labor practices. Malaysia is working to address these issues to restore full trade access.
July 5, 2023
Impact: Restrictions may reduce Malaysian rubber exports to the US in the short term, prompting Malaysia to seek alternative markets or expedite compliance measures.
Policy Updates
US Updates Tariff Schedule for Malaysian Electronics
The US Trade Representative announced a revised tariff schedule for electronics imports (HS Code: 85) from Malaysia, offering temporary exemptions for specific components to encourage bilateral trade while addressing supply chain concerns.
Date: September 10, 2023
Malaysia Revises Export Guidelines for Palm Oil to Meet US Standards
Malaysia has updated its export guidelines for palm oil (HS Code: 15) to align with US environmental and labor standards, aiming to prevent potential trade barriers and maintain market access.
