Limited data available; minimal trade volume due to remote location
Year
2023
Trend
Stable with low activity
Special Rates
Free Trade Zone
0%
Svalbard is a duty-free zone under the Svalbard Treaty; no tariffs or customs duties apply to imports.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
Limited Trade Data on U.S. Exports to Svalbard and Jan Mayen
Recent reports indicate minimal trade activity under HS Code provisions between the United States and Svalbard and Jan Mayen, with no significant transactions recorded in the past quarter. This reflects the remote location and limited economic interaction.
October 15, 2023
Impact: Negligible impact on U.S. trade due to the extremely low volume of goods exchanged with Svalbard and Jan Mayen under specified quantitative limits.
U.S. Customs Clarifies Reporting for Svalbard and Jan Mayen
U.S. Customs and Border Protection issued a reminder to exporters about proper documentation for shipments to Svalbard and Jan Mayen, emphasizing compliance with U.S. note 1(b)(1) quantitative limits under relevant HS Codes.
September 20, 2023
Impact: Minimal impact, as trade remains sporadic; however, increased scrutiny may affect procedural costs for rare shipments.
Annual Trade Review Highlights Svalbard's Unique Status
A U.S. trade report noted that Svalbard and Jan Mayen, as Norwegian territories, fall under specific trade agreements, but quantitative limits under U.S. note 1(b)(1) rarely apply due to negligible trade volumes.
August 5, 2023
Impact: No significant trade impact; the report underscores the lack of economic activity necessitating policy adjustments.
Policy Updates
No Recent Policy Changes for Svalbard and Jan Mayen Trade
The U.S. International Trade Commission confirmed no updates or amendments to trade policies or quantitative limits under U.S. note 1(b)(1) for HS Code classifications involving Svalbard and Jan Mayen, maintaining existing frameworks.
