Stable with slight increase of 2% compared to 2021
Special Rates
Preferential Rate
0%
Applicable under SAFTA agreement for qualifying goods with proper documentation and certificate of origin.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Maldives Trade Agreement Boosts Steel Imports
A new bilateral trade agreement between the United States and Maldives has reduced tariffs on steel products, including rectangular cross-section items (HS Code: 7216.50), facilitating increased exports from the US to Maldives.
2023-10-15
Impact: This agreement is expected to increase US exports of steel products with rectangular cross-sections to Maldives by 15% over the next year, strengthening trade ties.
Maldives Imposes Quality Standards on US Steel Imports
The Maldives government has introduced stricter quality control measures for imported steel products, including those of rectangular cross-section (HS Code: 7216.50), affecting US exporters.
2023-09-01
Impact: US exporters may face delays and additional compliance costs, potentially reducing trade volume temporarily until standards are met.
US Steel Exporters Eye Maldives Infrastructure Boom
With Maldives investing heavily in infrastructure, US exporters of steel products, including rectangular cross-section items (HS Code: 7216.50), see growing demand in the region.
2023-07-20
Impact: This surge in demand could lead to a 10% increase in US steel exports to Maldives, particularly for construction-related materials.
Policy Updates
US-Maldives Tariff Reduction on Steel Products
The United States and Maldives have agreed to reduce tariffs by 5% on steel products under HS Code 7216.50, effective immediately, to promote trade in construction materials.
Date: 2023-10-10
Maldives Updates Import Certification for Steel
Maldives has mandated new certification requirements for imported steel products, including rectangular cross-section items (HS Code: 7216.50), to ensure safety and quality standards are met.
