Logo

Whatariff.com

Global Tariffs, Categorized
🇺🇸 United States
🇱🇰 Sri Lanka
📦 Preparations consisting wholly of ground cocoa beans, with or without added cocoa fat, flavoring or emulsifying agents, and containing not more than 32 percent by weight of butterfat or other milk solids and not more than 60 percent by weight of sugar
🇺🇸 → 🇱🇰

United States to Sri Lanka Trade Analysis for Preparations consisting wholly of ground cocoa beans, with or without added cocoa fat, flavoring or emulsifying agents, and containing not more than 32 percent by weight of butterfat or other milk solids and not more than 60 percent by weight of sugar

Detailed tariff information for Preparations consisting wholly of ground cocoa beans, with or without added cocoa fat, flavoring or emulsifying agents, and containing not more than 32 percent by weight of butterfat or other milk solids and not more than 60 percent by weight of sugar imports

Preparations consisting wholly of ground cocoa beans, with or without added cocoa fat, flavoring or emulsifying agents, and containing not more than 32 percent by weight of butterfat or other milk solids and not more than 60 percent by weight of sugar Tariff Rate

HS Code:

30%
Effective January 1, 2023
View general trade relationship between United States and Sri Lanka

Trade Volume

Value
USD 1.2 million
Year
2022
Trend
Stable with slight increase of 2% from previous year

Special Rates

Preferential Rate under APTA
15%
Applicable to imports from APTA member countries with valid certificate of origin.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Sri Lanka Trade Talks Boost Cocoa Product Exports
Recent bilateral trade discussions between the United States and Sri Lanka have focused on increasing exports of cocoa preparations (HS Code: 1803.20) from Sri Lanka to the US, with an emphasis on products containing ground cocoa beans with limited sugar and milk solids content.
2023-10-15
Impact: This could lead to a significant increase in Sri Lankan cocoa product exports to the US market, benefiting local producers and potentially lowering costs for US importers.
Sri Lankan Cocoa Sector Eyes US Market Expansion
Sri Lanka's cocoa industry stakeholders met with US trade representatives to discuss market access for cocoa preparations under HS Code 1803.20, highlighting the quality and compliance of their products with US standards on butterfat and sugar content.
2023-09-22
Impact: Improved market access may result in higher trade volumes, though compliance with stringent US food safety regulations could pose challenges for Sri Lankan exporters.
US Importers Show Interest in Sri Lankan Cocoa Preparations
A delegation of US food importers visited Sri Lanka to explore sourcing opportunities for cocoa preparations (HS Code: 1803.20), focusing on products with specific compositions of cocoa fat and minimal milk solids.
2023-08-10
Impact: This interest could foster long-term trade partnerships, potentially increasing Sri Lanka's share in the US cocoa preparation market, provided logistical and tariff barriers are addressed.
Policy Updates
US Tariff Review on Cocoa Preparations
The US International Trade Commission announced a review of tariffs on cocoa preparations under HS Code 1803.20, which may affect imports from Sri Lanka. The review aims to assess the impact of current duties on domestic industries and could result in revised rates.
Date: 2023-11-01
Sri Lanka Updates Export Standards for Cocoa Products
Sri Lanka's Ministry of Trade introduced updated quality and labeling standards for exported cocoa preparations (HS Code: 1803.20) to align with US FDA requirements on butterfat and sugar content, aiming to facilitate smoother trade with the US.
Date: 2023-10-05