Preferential Rate under US-Singapore Free Trade Agreement (USSFTA)
0%
Applicable to qualifying goods originating from the United States under USSFTA rules of origin.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Singapore Trade Agreement Boosts Talc and Soapstone Exports
A recent bilateral trade agreement between the US and Singapore has reduced tariffs on talc, steatite, and soapstone products under HS Code 6815.99, facilitating increased exports from the US to Singapore. The agreement aims to strengthen industrial supply chains.
2023-10-15
Impact: Positive impact with potential for increased US exports of talc and soapstone products to Singapore due to lower tariffs and streamlined customs processes.
Singapore Increases Demand for US-Made Talc Products
Singapore's growing cosmetics and pharmaceutical industries have led to a surge in demand for high-quality talc products from the US. Trade data indicates a 15% rise in imports of talc blanks and disks over the past quarter.
2023-09-20
Impact: Positive impact as US exporters see growth opportunities in Singapore's expanding market for processed talc products.
Supply Chain Disruptions Affect Talc Trade Between US and Singapore
Global shipping delays and port congestion have temporarily disrupted the supply of cut talc and soapstone from the US to Singapore, causing a backlog of orders and increased shipping costs for HS Code 6815.99 products.
2023-08-05
Impact: Negative short-term impact on trade flow, with potential delays and cost increases for businesses reliant on timely delivery of talc and soapstone products.
Policy Updates
US-Singapore Free Trade Agreement Revision on Industrial Minerals
The US-Singapore Free Trade Agreement (USSFTA) was updated to include specific provisions for industrial minerals like talc and soapstone under HS Code 6815.99, reducing import duties by 5% and easing regulatory requirements for quality certification.
Date: 2023-10-10
Singapore Updates Import Standards for Talc Products
Singapore's Ministry of Trade and Industry introduced new safety and quality standards for imported talc and soapstone products, requiring additional testing for contaminants before entry into the market. This applies to all products under HS Code 6815.99.
