Applicable under the EU-US Trade and Technology Council agreements or specific quotas
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Last updated: 1 year ago
News and Updates
Recent News
U.S. and Sweden Strengthen Trade Ties with New Agreement on Specialty Goods
The U.S. and Sweden signed a bilateral agreement to facilitate trade in specialty goods covered under specific HS codes, including those in subheadings enumerated in U.S. note 21(s). The agreement aims to reduce tariffs and streamline customs processes.
2023-10-15
Impact: This agreement is expected to increase the volume of trade in niche products between the two countries, benefiting exporters and importers by lowering costs and improving market access.
Sweden Increases Exports of High-Tech Equipment to U.S. Under HS Code Provisions
Swedish exports of high-tech equipment to the U.S., classified under subheadings in U.S. note 21(s), saw a 12% increase in the third quarter of 2023, driven by demand in the tech sector and favorable trade terms.
2023-09-22
Impact: The surge in exports strengthens Sweden's position as a key supplier of advanced technology to the U.S., potentially leading to further investments and partnerships.
U.S. Importers Report Delays in Swedish Goods Due to Classification Issues
Some U.S. importers of Swedish goods under HS subheadings in U.S. note 21(s) have faced delays at customs due to discrepancies in product classification, causing temporary disruptions in supply chains.
2023-08-30
Impact: These delays could increase costs for U.S. businesses and strain trade relations if not resolved, potentially prompting calls for clearer guidelines or bilateral discussions.
Policy Updates
U.S. Updates Tariff Classifications for Goods Under U.S. Note 21(s)
The U.S. Customs and Border Protection issued a revised interpretation of tariff classifications for goods under subheadings enumerated in U.S. note 21(s), aiming to clarify eligibility for preferential treatment in trade with Sweden and other countries.
Date: 2023-10-01
Sweden Aligns with U.S. on Harmonized System Updates
Sweden adopted updates to its Harmonized System (HS) code framework to align with U.S. standards for subheadings under U.S. note 21(s), facilitating smoother trade documentation and reducing misclassification risks.
