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🇺🇸 United States
🇫🇲 Micronesia, Federated States of
📦 Cleanout covers and frames
🇺🇸 🇫🇲

United States to Micronesia, Federated States of Trade Analysis for Cleanout covers and frames

Detailed tariff information for Cleanout covers and frames imports

Cleanout covers and frames Tariff Rate

HS Code:

5%
Effective January 1, 2023

Trade Volume

Value
USD 150,000
Year
2022
Trend
Stable with minor fluctuations

Special Rates

Preferential Rate
0%
Applicable under the Compact of Free Association between the United States and the Federated States of Micronesia, subject to certification of origin.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
U.S. Increases Exports of Cleanout Covers and Frames to Micronesia
Recent trade data shows a 20% increase in U.S. exports of cleanout covers and frames (HS Code: 7325.99) to the Federated States of Micronesia in Q3 2023, driven by infrastructure development projects in the region.
2023-10-15
Impact: This surge strengthens bilateral trade ties and supports U.S. manufacturers in the metalworks sector, while aiding Micronesia's urban development initiatives.
Micronesia Seeks U.S. Suppliers for Cleanout Covers Amid Construction Boom
The Federated States of Micronesia has issued a call for U.S. suppliers of cleanout covers and frames to meet rising demand due to ongoing construction and sanitation projects across its islands.
2023-09-05
Impact: This presents a significant opportunity for U.S. exporters to tap into a growing market and establish long-term trade partnerships with Micronesian importers.
Trade Agreement Facilitates Cleanout Covers Shipments to Micronesia
A renewed trade facilitation agreement under the Compact of Free Association has streamlined customs processes for cleanout covers and frames shipped from the U.S. to Micronesia, reducing delays.
2023-08-20
Impact: The agreement lowers logistical barriers, potentially increasing trade volume and reducing costs for U.S. exporters and Micronesian buyers.
Policy Updates
Update to Compact of Free Association Trade Terms
The U.S. and the Federated States of Micronesia updated the Compact of Free Association, including provisions for duty-free access for certain industrial goods like cleanout covers and frames (HS Code: 7325.99), enhancing trade cooperation.
Date: 2023-08-01