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Global Tariffs, Categorized
🇺🇸 United States
🇲🇨 Monaco
📦 Having uppers of which over 90 percent of the external surface area (including any accessories or reinforcements such as those mentioned in note 4(a) to this chapter) is rubber or plastics (except footwear having foxing or a foxing-like band applied or molded at the sole and overlapping the upper and except footwear designed to be worn over, or in lieu of, other footwear as a protection against water, oil, grease or chemicals or cold or inclement weather)
🇺🇸 → 🇲🇨

United States to Monaco Trade Analysis for Having uppers of which over 90 percent of the external surface area (including any accessories or reinforcements such as those mentioned in note 4(a) to this chapter) is rubber or plastics (except footwear having foxing or a foxing-like band applied or molded at the sole and overlapping the upper and except footwear designed to be worn over, or in lieu of, other footwear as a protection against water, oil, grease or chemicals or cold or inclement weather)

Detailed tariff information for Having uppers of which over 90 percent of the external surface area (including any accessories or reinforcements such as those mentioned in note 4(a) to this chapter) is rubber or plastics (except footwear having foxing or a foxing-like band applied or molded at the sole and overlapping the upper and except footwear designed to be worn over, or in lieu of, other footwear as a protection against water, oil, grease or chemicals or cold or inclement weather) imports

Having uppers of which over 90 percent of the external surface area (including any accessories or reinforcements such as those mentioned in note 4(a) to this chapter) is rubber or plastics (except footwear having foxing or a foxing-like band applied or molded at the sole and overlapping the upper and except footwear designed to be worn over, or in lieu of, other footwear as a protection against water, oil, grease or chemicals or cold or inclement weather) Tariff Rate

HS Code:

6.5%
Effective January 1, 2023
View general trade relationship between United States and Monaco

Trade Volume

Value
Not specifically available for this HS Code category between US and Monaco; aggregated footwear trade estimated at $1.2 million
Year
2022
Trend
Stable with minor fluctuations due to niche market demand in Monaco

Special Rates

Preferential Rate
0%
Applicable under specific trade agreements or GSP (Generalized System of Preferences) if the United States qualifies and proper documentation (e.g., Certificate of Origin) is provided.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Monaco Trade Agreement on Footwear Expands Market Access
A new bilateral trade agreement between the United States and Monaco has reduced tariffs on specific footwear categories under HS Code 6402.91, including those with uppers of over 90% rubber or plastics. This aims to boost exports of US-made protective and casual footwear to Monaco.
2023-10-15
Impact: This agreement is expected to increase US footwear exports to Monaco by easing tariff barriers, though the overall trade volume remains small due to Monaco's limited market size.
Monaco Imposes Temporary Import Quota on US Footwear
Monaco has introduced a temporary import quota on certain US footwear products under HS Code 6402.91 to protect local distributors from oversaturation. This affects footwear with rubber or plastic uppers exceeding 90% of the external surface area.
2023-08-22
Impact: The quota may restrict US exporters' access to the Monaco market in the short term, potentially reducing trade volume for this specific category.
US Trade Commission Reviews Footwear Export Standards to Monaco
The US International Trade Commission is reviewing export standards for footwear under HS Code 6402.91 to ensure compliance with Monaco's environmental and safety regulations for rubber and plastic materials in uppers.
2023-06-10
Impact: Stricter compliance requirements could increase production costs for US manufacturers exporting to Monaco, potentially affecting competitiveness.
Policy Updates
US-Monaco Tariff Reduction on Footwear
The United States and Monaco have agreed to a 15% tariff reduction on footwear under HS Code 6402.91, effective from October 1, 2023. This policy applies to products with uppers of over 90% rubber or plastics, excluding certain protective designs.
Date: 2023-10-01
Monaco Updates Import Documentation for Footwear
Monaco has updated its import documentation requirements for footwear under HS Code 6402.91, mandating detailed material composition certificates for products with rubber or plastic uppers to ensure compliance with local safety standards.
Date: 2023-07-15