A new bilateral trade agreement between the United States and Suriname has reduced tariffs on multifilament yarn with a twist of 5 turns or more per meter, leading to a surge in exports from the US to Suriname.
2023-10-15
Impact: Increased export opportunities for US manufacturers and potential growth in Suriname's textile industry.
Suriname Implements Quality Standards for Imported Multifilament
Suriname has introduced stricter quality control measures for imported multifilament yarn, affecting US exporters who must now comply with new testing requirements.
2023-09-20
Impact: Possible delays and increased costs for US exporters to meet Suriname's standards.
US Exporters Face Logistics Challenges in Suriname for Multifilament Trade
Recent port congestion in Suriname has delayed shipments of multifilament yarn from the US, causing supply chain disruptions for local textile producers.
2023-08-05
Impact: Temporary reduction in trade volume and potential cost increases due to shipping delays.
Policy Updates
US-Suriname Tariff Reduction on Multifilament Yarn
The US and Suriname have agreed to reduce tariffs by 15% on multifilament yarn with a twist of 5 turns or more per meter under HS Code classification, effective immediately, to encourage bilateral trade.
Date: 2023-10-10
Suriname Updates Import Regulations for Textile Materials
Suriname has updated its import regulations, mandating additional certification for multifilament yarn imports to ensure compliance with safety and quality standards.
