U.S.-Namibia Trade Agreement Boosts Modacrylic Fiber Imports
A new bilateral trade agreement between the United States and Namibia has reduced tariffs on specific synthetic fibers, including modacrylic staple fibers under HS subheading 5503.30.00, facilitating increased imports from Namibia.
2023-10-15
Impact: This agreement is expected to increase the volume of modacrylic staple fiber imports from Namibia to the U.S., potentially lowering costs for U.S. manufacturers of flame-resistant textiles.
Namibia Increases Production Capacity for Modacrylic Fibers
Namibia has expanded its manufacturing facilities for modacrylic staple fibers meeting U.S. specifications (35-85% acrylonitrile, 2-3% water content, ecru, crimped, 2.2 decitex, 38 mm length), aiming to target the U.S. market.
2023-09-20
Impact: Enhanced production capacity in Namibia could lead to a more stable supply chain for U.S. importers, potentially reducing dependency on other global suppliers.
U.S. Importers Seek Namibian Modacrylic Fibers Amid Global Shortages
Due to global supply chain disruptions, U.S. textile companies are increasingly sourcing modacrylic staple fibers from Namibia, benefiting from the African Growth and Opportunity Act (AGOA) preferences.
2023-08-05
Impact: This shift may strengthen trade ties between the U.S. and Namibia for modacrylic fibers, with potential for long-term partnerships under AGOA tariff exemptions.
