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Global Tariffs, Categorized

🇺🇸 United States
🇵🇦 Panama
📦 Provided for in subheadings enumerated in U.S. note 21(s) to this subchapter
🇺🇸 🇵🇦

United States to Panama Trade Analysis for Provided for in subheadings enumerated in U.S. note 21(s) to this subchapter

Detailed tariff information for Provided for in subheadings enumerated in U.S. note 21(s) to this subchapter imports

Provided for in subheadings enumerated in U.S. note 21(s) to this subchapter Tariff Rate

HS Code:

0%
Effective January 1, 2013

Trade Volume

Value
$9.2 billion
Year
2022
Trend
Stable with slight increase in goods exports from the U.S. to Panama

Special Rates

Preferential Rate
0%
Applies to goods qualifying under the United States-Panama TPA rules of origin, as provided in U.S. note 21(s) and relevant subheadings.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
U.S.-Panama Trade Agreement Strengthens Tariff Benefits for Specific Subheadings
A recent review of the U.S.-Panama Trade Promotion Agreement (TPA) highlighted benefits under specific subheadings enumerated in U.S. note 21(s), facilitating duty-free access for certain goods. Discussions focused on agricultural and industrial products.
October 15, 2023
Impact: This reinforces market access for U.S. exporters to Panama, potentially increasing trade volume for products under these subheadings.
Panama Increases Imports of U.S. Goods Under HS Code Subheadings
Panama reported a 12% rise in imports of U.S. goods classified under subheadings in U.S. note 21(s), driven by demand for machinery and processed foods.
September 20, 2023
Impact: U.S. exporters benefit from growing demand, enhancing bilateral trade ties and profitability in these sectors.
Trade Talks Address Compliance with U.S. Note 21(s) Subheadings
Bilateral trade talks between the U.S. and Panama addressed compliance issues related to tariff classifications under U.S. note 21(s), aiming to streamline customs processes.
August 5, 2023
Impact: Improved compliance may reduce delays at customs, fostering smoother trade flows for covered goods.
Policy Updates
Update to U.S.-Panama TPA Tariff Schedules
The U.S. Trade Representative announced minor adjustments to tariff schedules under the U.S.-Panama TPA, ensuring clarity for goods classified under subheadings in U.S. note 21(s) with updated documentation requirements.
Date: July 1, 2023