A new bilateral trade agreement between the US and Mauritius has reduced tariffs on woven fabrics (HS Code 665) not made on power-driven looms, leading to a 15% increase in exports from Mauritius to the US in the last quarter.
2023-10-15
Impact: Positive impact on Mauritius exporters with increased market access to the US; potential growth in bilateral trade volume for this specific category.
Mauritius Textile Sector Gains from US Demand Surge
Rising demand for handwoven fabrics in the US has led to a spike in orders for Mauritius-based producers of woven fabrics (HS Code 665), with exports up by 10% year-on-year.
2023-09-20
Impact: Increased revenue for Mauritius textile artisans and small businesses; potential for long-term contracts with US buyers.
US Imposes Quality Standards on Imported Woven Fabrics
The US introduced stricter quality control measures for imported woven fabrics (HS Code 665), affecting shipments from Mauritius due to compliance costs and inspection delays.
2023-08-05
Impact: Short-term negative impact on Mauritius exporters due to increased costs and delays; may require investment in quality assurance to maintain market share.
Policy Updates
US-Mauritius Trade Facilitation Agreement on Textiles
The US and Mauritius signed a trade facilitation agreement reducing tariffs by 5% on woven fabrics (HS Code 665) not made on power-driven looms, effective from October 2023, to encourage cultural and artisanal exports.
Date: 2023-10-01
US Updates Import Regulations for Handwoven Goods
The US Department of Commerce introduced new documentation requirements for handwoven fabrics (HS Code 665) to ensure authenticity and compliance with labor standards, impacting exporters from Mauritius.
