Stable with slight increase of 2% from previous year
Special Rates
Preferential Rate under ISFTA
0%
Applicable under the Indo-Sri Lanka Free Trade Agreement (ISFTA) if specific rules of origin are met and goods are not directly imported from the United States.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US Increases Import Scrutiny on Triazine Compounds from Sri Lanka
The United States has implemented stricter customs checks on compounds containing an unfused triazine ring (HS Code: 2933.69) imported from Sri Lanka due to concerns over compliance with safety and labeling standards.
2023-10-15
Impact: This could lead to delays in shipments and increased costs for Sri Lankan exporters, potentially reducing trade volume in the short term.
Sri Lanka Boosts Production of Triazine-Based Chemicals for US Market
Sri Lankan chemical manufacturers have ramped up production of triazine ring compounds to meet growing demand in the US, focusing on agricultural and industrial applications.
2023-09-20
Impact: This increase in production capacity may strengthen trade ties and boost export revenues for Sri Lanka, assuming compliance with US regulations.
During recent bilateral trade discussions, the export of chemical compounds with unfused triazine rings from Sri Lanka to the US was identified as a key area for potential growth and collaboration.
2023-08-05
Impact: Positive dialogue may lead to streamlined export processes and reduced tariffs, fostering increased trade in this sector.
Policy Updates
US Updates Import Tariffs on Triazine Compounds
The US has revised tariff rates for compounds containing an unfused triazine ring (HS Code: 2933.69), imposing a slight increase of 2% on imports from non-preferred trade partners, including Sri Lanka, effective from January 2024.
Date: 2023-11-01
Sri Lanka Introduces Export Quality Standards for Chemicals
Sri Lanka’s government has mandated stricter quality control measures for chemical exports, including triazine compounds, to align with international standards and ensure compliance with US import requirements.
