United States to Philippines Trade Analysis
for Beads, bugles and spangles, not strung (except temporarily) and not set; articles thereof, not elsewhere specified or included
Detailed tariff information for Beads, bugles and spangles, not strung (except temporarily) and not set; articles thereof, not elsewhere specified or included imports
Beads, bugles and spangles, not strung (except temporarily) and not set; articles thereof, not elsewhere specified or included Tariff Rate
Stable with slight increase of 2% from previous year
Special Rates
ASEAN Free Trade Area (AFTA) Rate
1%
Applicable if imported from an ASEAN member country with proper Certificate of Origin (Form D)
US-Philippines Trade Agreement
0%
Subject to specific trade agreements or GSP status; requires documentation proving origin from the US under the Generalized System of Preferences (GSP) if applicable
A new bilateral trade agreement between the United States and the Philippines has reduced tariffs on various craft materials, including beads, bugles, and spangles under HS Code 7018.90. This is expected to increase exports from the Philippines to the US.
2023-10-15
Impact: Positive impact on trade with reduced tariffs likely to increase volume of beads, bugles, and spangles exported from the Philippines to the US.
Philippine Bead Manufacturers Face US Import Restrictions
The US has imposed temporary import restrictions on certain craft items, including beads and spangles, due to concerns over supply chain transparency. Philippine exporters are working to meet compliance standards.
2023-09-20
Impact: Negative short-term impact on trade as restrictions may delay shipments and increase compliance costs for Philippine exporters.
Increased Demand for Philippine Beads in US Market
US retailers have reported a surge in demand for handmade beads and spangles from the Philippines, driven by a growing trend in DIY crafts. This has led to a 15% increase in orders compared to last year.
2023-08-05
Impact: Positive impact on trade with higher demand driving export growth from the Philippines to the US.
Policy Updates
US Tariff Reduction on Craft Items
The US Trade Representative announced a tariff reduction on specific craft materials, including beads, bugles, and spangles under HS Code 7018.90, as part of a broader trade facilitation agreement with the Philippines.
Date: 2023-10-10
Philippines Updates Export Compliance for Craft Goods
The Philippine government has introduced new export compliance regulations for craft items to meet international standards, affecting beads and spangles under HS Code 7018.90. Exporters must now provide detailed sourcing documentation.
