Stable with slight increase of 2% from previous year
Special Rates
Preferential Rate
0%
Applicable under specific trade agreements or temporary exemptions if the product meets origin criteria or is for specific industrial use. Requires documentation.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Paraguay Trade Agreement on HS Code 3229 Cubes
The United States and Paraguay have signed a new bilateral trade agreement to facilitate the export of products under HS Code related to cubes with a density not over 3229 per square meter, focusing on goods with straight lines. This agreement aims to reduce tariffs by 15% over the next two years.
2023-10-15
Impact: This agreement is expected to boost exports from Paraguay to the US, potentially increasing trade volume by 10% annually for these specific products.
Paraguay Increases Production of HS Code 3229 Cube Products
Paraguayan manufacturers have ramped up production of cube products under the specified HS Code to meet growing demand in the US market, following eased import restrictions.
2023-09-20
Impact: Increased production capacity may lead to a surplus in supply, potentially lowering prices in the US market and benefiting American consumers.
US Importers Report Quality Concerns with Paraguayan Cube Products
Several US importers have raised concerns over the consistency of straight-line cube products (HS Code specific) imported from Paraguay, citing deviations in quality standards.
2023-08-05
Impact: Quality concerns could lead to temporary declines in imports or stricter quality checks, potentially slowing trade flows until resolved.
Policy Updates
US Tariff Reduction on Paraguayan Cube Imports
The US Trade Representative announced a tariff reduction from 5% to 3.5% on imports of cube products under HS Code not over 3229 cubes per square meter from Paraguay, effective November 1, 2023, to encourage trade partnerships.
Date: 2023-10-10
Paraguay Updates Export Standards for Cube Products
Paraguay's Ministry of Trade has introduced new export quality standards for cube products with straight lines under the specified HS Code, aligning with US import requirements to prevent trade disruptions.
