Applicable under the Compact of Free Association between the United States and Micronesia for qualifying goods
Additional Information
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Last updated: 1 year ago
News and Updates
Recent News
Limited Trade Activity for Plain Weave Fabrics Between US and Micronesia
Recent trade data indicates minimal activity in the export or import of plain weave fabrics weighing not more than 100 g/m² (HS Code: 5208.11) between the United States and the Federated States of Micronesia, with no significant transactions reported in the last quarter.
2023-10-15
Impact: The lack of trade in this category suggests limited demand or supply chain connections for lightweight plain weave fabrics between the two regions, potentially affecting niche textile markets.
A bilateral trade agreement review between the US and Micronesia mentioned potential opportunities for small-scale textile trade, including plain weave fabrics under 100 g/m², though no specific deals were finalized.
2023-09-05
Impact: This could pave the way for future trade in lightweight textiles, though current impact remains negligible due to the absence of concrete actions.
Micronesia's Textile Import Needs Under Discussion
Micronesia's trade representatives expressed interest in sourcing lightweight fabrics like plain weave under 100 g/m² from the US during a regional trade forum, citing potential use in local garment production.
2023-08-20
Impact: This interest could lead to small-scale imports from the US, though no formal trade agreements or shipments have been confirmed yet.
Policy Updates
US-Micronesia Compact of Free Association Update
The renewed Compact of Free Association between the US and the Federated States of Micronesia includes provisions for duty-free access for certain goods, potentially including textiles like plain weave fabrics under HS Code 5208.11, though specific implementation details are pending.
