Stable with slight increase of 2% from previous year
Special Rates
Preferential Rate
0%
Applicable under the Compact of Free Association between the United States and Palau for specific goods meeting origin criteria.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Palau Trade Agreement Boosts Oil Exports
A new bilateral trade agreement between the United States and Palau has facilitated an increase in the export of oil in bulk containers over 7 kg from the US to Palau, aiming to meet growing energy demands in the Pacific region.
2023-10-15
Impact: This agreement is expected to increase US oil exports to Palau by 15% over the next year, strengthening economic ties.
Palau Implements New Import Standards for Bulk Oil
Palau has introduced stricter quality control measures for imported oil in bulk or containers over 7 kg, affecting shipments from the United States to ensure environmental and safety compliance.
2023-09-20
Impact: US exporters may face higher compliance costs and delays in shipments due to additional inspections and certifications.
US Increases Oil Supply to Palau Amid Regional Demand Surge
Responding to a surge in demand for oil in the Pacific, the US has ramped up shipments of oil in bulk containers over 7 kg to Palau, supporting local infrastructure projects.
2023-08-05
Impact: This surge is likely to enhance trade volume between the two nations, though it may strain logistical capacities in Palau.
Policy Updates
US-Palau Compact of Free Association Renewal
The renewal of the Compact of Free Association between the US and Palau includes provisions for reduced tariffs on oil imports in bulk containers over 7 kg, aiming to support Palau's energy needs while fostering economic cooperation.
Date: 2023-09-01
Palau Updates Customs Regulations for Bulk Imports
Palau has updated its customs regulations, mandating detailed documentation and environmental impact assessments for oil imports in containers over 7 kg from the US to prevent ecological damage.
