Stable with minor fluctuations due to limited demand in Sierra Leone for specialized synthetic filaments.
Special Rates
Preferential Rate
0%
Applicable under the ECOWAS Trade Liberalization Scheme if conditions for origin are met and goods are from an ECOWAS member state. Note: The United States is not an ECOWAS member, so this rate does not apply.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
Limited Trade Activity for Monofilament and Multifilament Between US and Sierra Leone
Recent trade data indicates minimal to no significant transactions of monofilament and multifilament (HS Code: 5404) between the United States and Sierra Leone in the past quarter. This reflects a consistent trend of low trade volume in this specific category.
October 2023
Impact: No immediate impact on trade due to historically low activity in this sector. Market opportunities remain unexplored.
US Export Regulations Review Affects Niche Textile Products
The US Department of Commerce conducted a review of export controls for niche textile products, including monofilament and multifilament materials. While Sierra Leone is not directly mentioned, such reviews could influence future trade agreements or restrictions.
September 2023
Impact: Potential indirect impact on future trade with Sierra Leone if export policies tighten or specific tariff codes are revised.
Sierra Leone's Textile Import Market Shows Slow Growth
Sierra Leone's import market for synthetic textile materials, including monofilament and multifilament products, has shown slow growth. The US remains a minor supplier compared to other regions like Asia and Europe.
August 2023
Impact: Limited growth in demand may discourage US exporters from prioritizing Sierra Leone for these products in the near term.
Policy Updates
US Tariff Schedule Update for Synthetic Filaments
The US International Trade Commission updated the Harmonized Tariff Schedule, with minor adjustments to classifications under HS Code 5404 for monofilament and multifilament products. No specific changes target trade with Sierra Leone, but exporters are advised to review compliance requirements.
Date: July 2023
Sierra Leone's Revised Import Duty Structure
Sierra Leone's government introduced a revised import duty structure aimed at supporting local industries. Synthetic textile materials, including monofilament and multifilament, may face slightly higher duties, potentially affecting cost competitiveness for US exporters.
