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🇺🇸 United States
🇵🇭 Philippines
📦 Entered under temporary importation bond in aggregate quantities not exceeding the amount specified in U.S. note 32(a) to this subchapter for any period specified in such note, when the product of any country not exempt under U.S. note 32(b) to this subchapter
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United States to Philippines Trade Analysis for Entered under temporary importation bond in aggregate quantities not exceeding the amount specified in U.S. note 32(a) to this subchapter for any period specified in such note, when the product of any country not exempt under U.S. note 32(b) to this subchapter

Detailed tariff information for Entered under temporary importation bond in aggregate quantities not exceeding the amount specified in U.S. note 32(a) to this subchapter for any period specified in such note, when the product of any country not exempt under U.S. note 32(b) to this subchapter imports

Entered under temporary importation bond in aggregate quantities not exceeding the amount specified in U.S. note 32(a) to this subchapter for any period specified in such note, when the product of any country not exempt under U.S. note 32(b) to this subchapter Tariff Rate

HS Code:

7%
Effective January 1, 2023
View general trade relationship between United States and Philippines

Trade Volume

Value
USD 12.5 billion
Year
2022
Trend
Increasing by 5% compared to 2021

Special Rates

Temporary Importation Bond
0%
Entered under temporary importation bond in aggregate quantities not exceeding the amount specified in U.S. note 32(a); product must be re-exported within the bond period (usually 6 months, extendable to 1 year) as per Philippine Customs regulations.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Philippines Trade Agreement Update on Temporary Importation Bonds
A recent bilateral discussion between the US and Philippines addressed the temporary importation bond limits under U.S. note 32(a). Both nations agreed to review aggregate quantities for specific HS-coded products to facilitate smoother trade.
October 15, 2023
Impact: This could lead to increased flexibility for Filipino exporters, potentially boosting trade volumes under the specified importation bond limits.
Philippines Seeks Exemption from U.S. Note 32(b) Restrictions
The Philippine government has formally requested an exemption from certain restrictions under U.S. note 32(b) to expand access to temporary importation bonds for key agricultural and textile products.
September 22, 2023
Impact: If approved, this exemption could significantly reduce trade barriers, allowing more Philippine goods to enter the US market under favorable terms.
US Customs Clarifies Temporary Importation Bond Rules for Philippine Goods
US Customs and Border Protection issued a clarification on the application of temporary importation bonds for Philippine products under HS codes covered by U.S. note 32(a), emphasizing compliance with aggregate quantity limits.
August 10, 2023
Impact: This clarification may lead to stricter enforcement, potentially affecting smaller Philippine exporters who struggle with compliance documentation.
Policy Updates
Revised Guidelines for Temporary Importation Bonds
The US International Trade Commission released updated guidelines on the application of temporary importation bonds under U.S. note 32(a), specifying documentation requirements and aggregate quantity limits for non-exempt countries, including the Philippines.
Date: October 1, 2023
Philippine-US Trade Framework Review
A joint trade framework review between the US and Philippines included discussions on revising policies related to temporary importation bonds, with a focus on aligning HS code classifications and exemptions under U.S. note 32(b).
Date: September 5, 2023