Stable with slight increase of 3% compared to 2021
Special Rates
Preferential Rate
Free
Applicable under the Melanesian Spearhead Group Trade Agreement (MSGTA) if specific criteria for origin are met.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US Increases Import of Flexible Intermediate Bulk Containers from Papua New Guinea
Recent trade data shows a 20% increase in the import of Flexible Intermediate Bulk Containers (FIBCs) under HS Code 630532 from Papua New Guinea to the United States, driven by demand in agricultural and industrial sectors.
2023-10-15
Impact: This surge strengthens trade ties between the two nations, potentially leading to more favorable trade agreements and increased export opportunities for Papua New Guinea.
Papua New Guinea Enhances FIBC Production Capacity
Papua New Guinea has invested in new manufacturing facilities to boost the production of Flexible Intermediate Bulk Containers, aiming to meet growing US demand for cost-effective bulk packaging solutions.
2023-09-05
Impact: Increased production capacity may lead to higher export volumes to the US, potentially lowering costs for American importers and fostering competitive pricing.
US Importers Seek Alternative Suppliers for FIBCs Amid Global Supply Chain Issues
Due to ongoing global supply chain disruptions, US companies are turning to Papua New Guinea as a reliable supplier of Flexible Intermediate Bulk Containers, with trade volumes showing a steady rise.
2023-08-20
Impact: This shift could solidify Papua New Guinea’s position as a key supplier to the US, encouraging long-term trade partnerships and diversification of supply sources.
Policy Updates
US Tariff Review on FIBCs from Papua New Guinea
The US Trade Representative’s office is reviewing tariff rates on Flexible Intermediate Bulk Containers (HS Code 630532) imported from Papua New Guinea as part of broader trade policy adjustments under the Generalized System of Preferences (GSP).
Date: 2023-09-15
Papua New Guinea Introduces Export Incentives for FIBC Manufacturers
The Papua New Guinea government has rolled out new export incentives, including tax breaks and subsidies for manufacturers of Flexible Intermediate Bulk Containers, to boost trade with key markets like the United States.
