United States to Uruguay Trade Analysis
for Fats and oils and their fractions, of fish or marine mammals, whether or not refined, but not chemically modified
Detailed tariff information for Fats and oils and their fractions, of fish or marine mammals, whether or not refined, but not chemically modified imports
Fats and oils and their fractions, of fish or marine mammals, whether or not refined, but not chemically modified Tariff Rate
Stable, with slight increase in demand for marine-based products in Uruguay.
Special Rates
Preferential Rate
0%
Applicable under specific trade agreements or temporary exemptions if the product meets origin criteria under MERCOSUR-United States trade frameworks (if any bilateral agreements apply).
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Uruguay Trade Agreement Boosts Fish Oil Exports
A recent bilateral trade agreement between the United States and Uruguay has facilitated an increase in exports of fish oils and fractions (HS Code: 1504) from Uruguay to the US, with a focus on sustainable marine products.
2023-10-15
Impact: This agreement is expected to increase the volume of fish oil trade by reducing tariffs, benefiting Uruguayan exporters and providing US industries with a steady supply of raw materials for health supplements.
Uruguay Implements Stricter Quality Standards for Marine Oil Exports
Uruguay has introduced new quality control measures for fats and oils of fish or marine mammals exported to the US, ensuring compliance with international standards.
2023-09-20
Impact: While this may temporarily slow export processes due to additional inspections, it is likely to strengthen trust in Uruguayan products in the US market, potentially increasing long-term demand.
US Demand for Sustainable Fish Oil Drives Uruguay Exports
Growing US consumer interest in sustainably sourced fish oil products has led to a 15% increase in imports from Uruguay over the past quarter.
2023-08-05
Impact: This trend is expected to encourage further investment in Uruguay’s marine oil sector, potentially leading to higher export volumes and stronger trade ties with the US.
Policy Updates
US-Uruguay Tariff Reduction on Marine Oils
The US and Uruguay have agreed to reduce tariffs on fats and oils of fish or marine mammals (HS Code: 1504) by 5% as part of a broader trade enhancement initiative, effective from October 1, 2023.
Date: 2023-10-01
Uruguay Updates Export Certification for Fish Oil
Uruguay’s Ministry of Agriculture has updated certification requirements for exporters of fish oil and marine mammal fractions to the US, mandating stricter sustainability and quality documentation.
