A new bilateral trade agreement between the United States and Tunisia has reduced tariffs on agricultural products, including rapeseed oil (HS Code: 1514). US exporters are seeing increased demand from Tunisian markets.
2023-10-15
Impact: Positive impact on US rapeseed oil exports to Tunisia due to lower tariffs and improved market access.
Tunisia Increases Import of US Rapeseed Oil Amid Local Shortages
Due to domestic production shortfalls, Tunisia has ramped up imports of rapeseed oil from the United States, with a reported 20% increase in trade volume over the past quarter.
2023-09-20
Impact: Increased demand for US rapeseed oil in Tunisia, potentially leading to higher export revenues for US producers.
Recent trade discussions between US and Tunisian officials emphasized strengthening agricultural trade, with rapeseed oil identified as a key commodity for export growth from the US.
2023-08-05
Impact: Potential for long-term growth in US rapeseed oil exports to Tunisia if trade barriers are further reduced.
Policy Updates
US-Tunisia Tariff Reduction on Agricultural Goods
A new policy under the US-Tunisia trade framework reduces tariffs on rapeseed oil and related products (HS Code: 1514) by 15%, effective immediately, to encourage bilateral agricultural trade.
