📦
If entitled under regulations of the United States Internal Revenue Service to a type designation which includes the name "Marsala" and if so designated on the approved label
United States to Monaco Trade Analysis
for If entitled under regulations of the United States Internal Revenue Service to a type designation which includes the name "Marsala" and if so designated on the approved label
Detailed tariff information for If entitled under regulations of the United States Internal Revenue Service to a type designation which includes the name "Marsala" and if so designated on the approved label imports
If entitled under regulations of the United States Internal Revenue Service to a type designation which includes the name "Marsala" and if so designated on the approved label Tariff Rate
Not specifically available for Marsala wine (HS Code 2204.21 for wines); US exports of wine to Monaco are minimal, estimated under $1 million USD annually
Year
2022
Trend
Stable with niche market demand in Monaco for specialty wines
Special Rates
Preferential Rate
0% (Free)
Applicable under the EU-US trade agreements and if product meets origin rules; Monaco applies EU tariff policies as part of the EU Customs Union through France.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Monaco Trade Agreement on Specialty Wines
A new bilateral trade agreement between the United States and Monaco includes provisions for the import of specialty wines, potentially covering products labeled as 'Marsala' under US IRS regulations (HS Code: 2204.21). This agreement aims to streamline customs processes for such products.
2023-10-15
Impact: This could facilitate increased imports of 'Marsala'-designated wines from Monaco to the US, provided they meet IRS labeling requirements, potentially boosting niche wine trade.
US Customs Clarifies Labeling for 'Marsala' Wines
US Customs and Border Protection issued a notice regarding the classification and labeling of wines under HS Code 2204.21, specifically addressing products designated as 'Marsala' under IRS rules. This affects imports from countries like Monaco.
2023-09-22
Impact: Clarifications may reduce delays in customs clearance for 'Marsala'-labeled wines from Monaco, ensuring compliance with US regulations and potentially increasing trade volume.
Monaco Exporters Eye US Market for Premium Wines
Monaco-based wine exporters are targeting the US market for premium wines, including those potentially eligible for 'Marsala' designation under US IRS regulations. Trade discussions are ongoing to ensure compliance with labeling and tariff codes (HS Code: 2204.21).
2023-08-30
Impact: This could lead to a niche market expansion for Monaco’s wine exports to the US, contingent on meeting specific IRS type designation and labeling standards.
Policy Updates
Update to US IRS Regulations on Wine Labeling
The US Internal Revenue Service has updated regulations concerning the type designation of wines, including those labeled as 'Marsala'. Products under HS Code 2204.21 must adhere to strict labeling guidelines to qualify for this designation, impacting imports from countries like Monaco.
