A recent bilateral trade agreement between the US and Mauritius has reduced tariffs on artificial fur and related articles (HS Code: 4304), leading to a 15% increase in exports from Mauritius to the US in the last quarter.
2023-10-15
Impact: Positive impact on trade with increased export volume from Mauritius to the US due to lower tariffs.
US Importers Show Growing Interest in Mauritian Artificial Fur Products
US apparel companies are increasingly sourcing artificial fur articles from Mauritius, citing competitive pricing and quality, with trade value rising by 10% year-over-year under HS Code 4304.
2023-09-05
Impact: Strengthens trade relations and boosts Mauritian exports to the US market.
Mauritius Expands Production Capacity for Artificial Fur to Meet US Demand
Mauritian manufacturers have invested in new production facilities for artificial fur products (HS Code: 4304) to cater to growing demand from the US, supported by favorable trade terms under the African Growth and Opportunity Act (AGOA).
2023-08-20
Impact: Expected to increase export volumes to the US, enhancing economic ties.
Policy Updates
Extension of AGOA Benefits for Mauritius
The US has extended the African Growth and Opportunity Act (AGOA) benefits for Mauritius, providing duty-free access for artificial fur and articles thereof (HS Code: 4304) to the US market until 2025.
