A new trade agreement between the US and Northern Mariana Islands has reduced tariffs on weaving fabrics of a width exceeding 30 cm, shuttleless type (HS Code: 8446.30), facilitating increased exports from the Northern Mariana Islands to the US.
2023-10-15
Impact: This agreement is expected to increase trade volume by 15% over the next year, benefiting manufacturers in the Northern Mariana Islands and providing cost savings for US importers.
Northern Mariana Islands Textile Exports Face US Inspection Delays
Recent US customs inspections have caused delays in the clearance of shuttleless weaving fabric shipments from the Northern Mariana Islands, impacting delivery timelines for US buyers.
2023-09-22
Impact: Delays may lead to temporary supply chain disruptions for US textile businesses, potentially increasing costs and affecting production schedules.
US Demand for Shuttleless Weaving Fabrics Surges
Rising demand for high-quality shuttleless weaving fabrics in the US has led to a 10% increase in imports from the Northern Mariana Islands, a key supplier under favorable trade terms.
2023-08-10
Impact: This surge is likely to strengthen economic ties and encourage further investment in textile production in the Northern Mariana Islands.
Policy Updates
US Tariff Reduction on HS Code 8446.30
The US government has announced a tariff reduction on weaving fabrics of a width exceeding 30 cm, shuttleless type, imported from the Northern Mariana Islands, as part of broader trade facilitation measures under the US territories agreement.
Date: 2023-10-01
Northern Mariana Islands Export Compliance Update
New export compliance regulations have been introduced by the Northern Mariana Islands to align with US import standards for textile machinery and fabrics under HS Code 8446.30, ensuring smoother trade processes.
