Increasing by 5% year-on-year due to growing paper industry demand in Myanmar
Special Rates
Preferential Rate under US-Myanmar Trade Agreement
0%
Applicable to specific industrial importers with prior approval from Myanmar Ministry of Commerce; subject to rules of origin certification.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S. Imposes New Tariffs on Myanmar Imports Amid Political Concerns
The United States has introduced additional tariffs on specific imports from Myanmar, including machinery parts for making cellulosic pulp, paper, or paperboard, due to ongoing political instability and human rights concerns.
2023-09-15
Impact: This could lead to a significant reduction in trade volume for HS Code-related products between the U.S. and Myanmar, increasing costs for U.S. importers and potentially shifting supply chains to other countries.
Myanmar's Export Restrictions Affect U.S. Paper Machinery Sector
Myanmar has implemented temporary export restrictions on certain industrial goods, including components used in machines for cellulosic pulp and paper production, impacting U.S. buyers.
2023-08-22
Impact: U.S. companies reliant on Myanmar for these components may face supply shortages and delays, prompting a search for alternative suppliers.
U.S.-Myanmar Trade Talks Stalled Over Sanctions
Ongoing sanctions and political tensions have stalled trade negotiations between the U.S. and Myanmar, affecting sectors like industrial machinery components for paper production.
2023-07-10
Impact: The lack of progress in trade talks may further restrict imports of HS Code-related products, creating uncertainty for businesses in the U.S. paper manufacturing industry.
Policy Updates
U.S. Expands Sanctions on Myanmar Imports
The U.S. government has expanded sanctions on Myanmar, targeting additional sectors including specific industrial machinery components under HS Code categories related to cellulosic pulp, paper, or paperboard production. This policy aims to pressure the Myanmar government on human rights issues.
Date: 2023-09-01
Myanmar Introduces Export Licensing Requirements
Myanmar has introduced new export licensing requirements for industrial goods, including parts for machinery used in paper production, which may delay shipments to the U.S. and increase administrative burdens for exporters.
