A recent bilateral trade agreement between the United States and Réunion has reduced tariffs on knit to shape articles under HS Code 638, leading to a 15% increase in exports from Réunion to the US in the last quarter.
2023-10-15
Impact: Positive impact on trade with increased export volumes and reduced costs for US importers of knit to shape articles.
Supply Chain Disruptions Affect Knit to Shape Articles Trade with Réunion
Logistical challenges in the Indian Ocean region have caused delays in shipments of knit to shape articles (HS 638) from Réunion to the United States, impacting delivery schedules for US retailers.
2023-09-22
Impact: Negative short-term impact on trade due to delays and increased shipping costs.
Réunion Textile Industry Adopts Sustainable Practices for HS 638 Products
Manufacturers in Réunion producing knit to shape articles under HS 638 have adopted eco-friendly production methods, aligning with US market demands for sustainable textiles, potentially increasing demand.
2023-08-10
Impact: Positive long-term impact on trade as US consumers and businesses prioritize sustainable imports.
Policy Updates
US Tariff Reduction on HS 638 Knit to Shape Articles from Réunion
The US government has implemented a temporary tariff reduction on knit to shape articles under HS 638 imported from Réunion, lowering the rate by 5% to encourage trade and strengthen economic ties.
