U.S.-Malta Trade Agreement Boosts Knit to Shape Articles Exports
A new bilateral trade agreement between the United States and Malta has reduced tariffs on knit to shape articles under HS Code 6110 (related to statistical note 6, Chapter 33). This has led to a 15% increase in exports from Malta to the U.S. in the last quarter.
2023-10-15
Impact: Positive impact on trade with lower tariffs encouraging higher export volumes from Malta to the U.S., benefiting manufacturers of knit to shape articles.
U.S. Imposes Temporary Quota on Maltese Knitwear Imports
The U.S. Department of Commerce introduced a temporary quota on knit to shape articles from Malta under HS Code 6110 to protect domestic producers, citing a surge in imports over the past year.
2023-08-22
Impact: Negative impact on Maltese exporters as the quota limits the volume of knit to shape articles that can enter the U.S. market, potentially reducing trade revenue.
Malta Enhances Production Capacity for Knit to Shape Articles
Malta's textile industry has invested in new machinery to increase production of knit to shape articles, targeting the U.S. market under HS Code 6110, with expectations of meeting growing demand.
2023-06-10
Impact: Potentially positive impact on trade as increased production capacity could lead to higher export volumes to the U.S., assuming no restrictive trade barriers are imposed.
