Applicable under the Pacific Island Countries Trade Agreement (PICTA) if specific origin criteria are met.
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Last updated: 1 year ago
News and Updates
Recent News
United States Adjusts Tariff Rates on Specific Imports from Tuvalu
The U.S. has announced a slight adjustment in tariff rates for products valued between 22.4¢/liter and 33.6¢/liter under specific HS codes from Tuvalu, aiming to balance trade relations.
2023-10-15
Impact: This adjustment may increase costs for Tuvalu exporters, potentially reducing the volume of these goods entering the U.S. market.
Tuvalu Seeks Trade Agreement with U.S. for Beverage Exports
Tuvalu officials have initiated discussions with the U.S. to secure favorable trade terms for beverage products falling within the 22.4¢/liter to 33.6¢/liter value range.
2023-09-20
Impact: If successful, this could boost Tuvalu's exports to the U.S., enhancing market access for these products.
U.S. Import Data Shows Decline in Tuvalu Goods in Specified Value Range
Recent U.S. import statistics indicate a 10% decline in imports from Tuvalu for goods valued between 22.4¢/liter and 33.6¢/liter, attributed to shifting consumer preferences.
2023-08-05
Impact: This decline may pressure Tuvalu exporters to diversify markets or adjust pricing strategies to regain competitiveness in the U.S.
Policy Updates
U.S. Tariff Schedule Update for HS Code Range
The U.S. International Trade Commission has updated the tariff schedule for certain HS codes, including those covering goods valued between 22.4¢/liter and 33.6¢/liter, impacting imports from small Pacific nations like Tuvalu with a marginal duty increase.
