Applicable under the South Asian Free Trade Area (SAFTA) agreement if accompanied by a Certificate of Origin and meeting specific criteria.
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Last updated: 1 year ago
News and Updates
Recent News
US-Maldives Trade Agreement Boosts Imports in Specific Tariff Category
A recent trade agreement between the US and Maldives has led to an increase in imports of goods valued over 80¢ but not over $1.35/gross under specific HS codes, focusing on small-scale handicrafts and textiles.
2023-10-15
Impact: This agreement is expected to enhance bilateral trade by reducing tariffs, potentially increasing import volumes from Maldives to the US in this price category by 15% over the next year.
Maldives Exports in Niche Category Gain US Market Access
Maldives exporters of goods valued between 80¢ and $1.35/gross have reported improved access to the US market due to streamlined customs processes for low-value shipments.
2023-09-22
Impact: This development is likely to encourage small and medium enterprises in Maldives to target the US market, potentially increasing trade volume in this category by 10%.
US Importers Eye Maldives for Cost-Effective Goods in Specific Price Range
US importers are increasingly sourcing products valued over 80¢ but not over $1.35/gross from Maldives, driven by competitive pricing and quality in artisanal goods under specific HS codes.
2023-08-30
Impact: This trend could lead to a steady rise in trade flows, with an estimated growth of 8% in imports from Maldives in this value range over the next six months.
Policy Updates
US Customs Simplifies Low-Value Import Procedures
US Customs and Border Protection has updated policies to simplify import procedures for goods valued between 80¢ and $1.35/gross, reducing paperwork for shipments from countries like Maldives under specific HS codes.
Date: 2023-10-01
Maldives-US Trade Facilitation Agreement
A new trade facilitation agreement between the US and Maldives includes provisions to lower barriers for goods valued over 80¢ but not over $1.35/gross, aiming to support small exporters with tariff exemptions.
