Recent trade discussions between the United States and Monaco have focused on increasing exports of butter substitutes (HS Code: 1517.90) from the US to Monaco, aiming to meet growing demand for plant-based alternatives in the European market.
2023-10-15
Impact: This could lead to a rise in US exports of butter substitutes to Monaco, potentially strengthening bilateral trade ties and benefiting US producers of margarine and other edible fat mixtures.
Monaco Imposes New Quality Standards on Butter Substitute Imports
Monaco has introduced stricter quality and labeling requirements for imported butter substitutes, affecting US exporters who must now comply with enhanced safety and ingredient transparency standards.
2023-09-22
Impact: US exporters may face increased compliance costs and potential delays in shipments to Monaco, impacting the competitiveness of American butter substitutes in the market.
US Butter Substitute Producers Eye Monaco as Emerging Market
A trade delegation from the US visited Monaco to explore opportunities for butter substitute products, identifying the principality as a niche market for premium plant-based and low-fat alternatives.
2023-08-10
Impact: This initiative may open new market opportunities for US producers, though trade volumes are expected to remain small due to Monaco's limited population and market size.
Policy Updates
Monaco Updates Import Tariffs on Edible Fats and Oils
Monaco has revised its tariff structure for edible fats and oils, including butter substitutes under HS Code 1517.90, introducing a slight reduction in duties to encourage imports of healthier fat alternatives.
