Applicable under the South Asian Free Trade Area (SAFTA) agreement for qualifying goods with proper documentation and certificate of origin.
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Last updated: 1 year ago
News and Updates
Recent News
U.S. Adjusts Import Quotas for Maldives under HS Code Specific Limits
The United States has revised the quantitative limits for specific imports from the Maldives under U.S. note 8(b)(1) to this subchapter, impacting certain textile and apparel categories.
2023-10-15
Impact: This adjustment may restrict the volume of specific goods entering the U.S. market from the Maldives, potentially increasing costs for importers and affecting bilateral trade dynamics.
Maldives Seeks Review of U.S. Trade Limits under HS Code Framework
The Maldives government has requested a dialogue with U.S. trade officials to discuss the quantitative restrictions outlined in U.S. note 8(b)(1), aiming for more favorable terms.
2023-09-20
Impact: If successful, this could lead to an increase in export quotas for Maldives, boosting their economy and strengthening trade ties with the U.S.
U.S. Importers Report Compliance Challenges with Maldives Trade Quotas
U.S. businesses importing goods from the Maldives under the specified HS Code limits have faced difficulties in meeting the quantitative restrictions, leading to delays and increased operational costs.
2023-08-05
Impact: These challenges may discourage smaller importers from engaging in trade with the Maldives, potentially reducing overall trade volume in affected categories.
Policy Updates
Update to U.S. Note 8(b)(1) Quantitative Limits for Maldives Imports
The U.S. Customs and Border Protection agency has updated the quantitative limits for specific imports from the Maldives under HS Code provisions, effective immediately, to align with annual trade agreements.
