Decreasing due to political instability and reduced demand
Special Rates
Preferential Rate
0%
Applicable under the Generalized System of Preferences (GSP) if the United States is reinstated as a GSP beneficiary for Myanmar; currently suspended due to political situation.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S. Imposes New Tariffs on Textile Imports from Myanmar
The United States has introduced new tariffs on textile imports, including products under HS Code 5513 (containing less than 85% by weight of artificial staple fibers, mixed mainly or solely with cotton), from Myanmar due to concerns over labor practices.
2023-10-15
Impact: This tariff increase is likely to reduce the volume of textile imports from Myanmar to the U.S., potentially raising costs for U.S. businesses and consumers while pushing importers to seek alternative sourcing countries.
Myanmar Textile Exports to U.S. Face Scrutiny Amid Political Unrest
Ongoing political instability in Myanmar has led to increased U.S. scrutiny of imports, including textiles under HS Code 5513, with calls for stricter trade sanctions.
2023-08-22
Impact: Heightened scrutiny and potential sanctions could disrupt trade flows, causing delays and reduced imports of these textile products from Myanmar to the U.S.
U.S. Retailers Report Decline in Myanmar Textile Imports
Several U.S. retailers have reported a decline in imports of textiles, including those under HS Code 5513, from Myanmar due to supply chain uncertainties and ethical sourcing concerns.
2023-06-10
Impact: The decline in imports may lead to a shift in sourcing to other countries, potentially affecting Myanmar's textile export market share to the U.S.
Policy Updates
U.S. Updates Sanctions on Myanmar Affecting Textile Trade
The U.S. government has updated its sanctions policy on Myanmar, targeting specific industries including textiles. Products under HS Code 5513 may face additional import restrictions or tariffs as part of broader measures addressing human rights concerns.
Date: 2023-09-05
U.S. Customs Increases Monitoring of Myanmar Textile Imports
U.S. Customs and Border Protection announced enhanced monitoring and verification processes for textile imports from Myanmar, including HS Code 5513, to ensure compliance with labor and trade regulations.
