A new bilateral trade agreement between the United States and Uruguay has reduced tariffs on goods of a width not exceeding 12 cm (specific HS Code to be confirmed), facilitating increased exports from Uruguay to the U.S. market.
2023-10-15
Impact: This agreement is expected to increase trade volume by 15% for these specific goods, benefiting Uruguayan exporters and U.S. importers seeking cost-effective products.
U.S. Importers Report Supply Chain Improvements for Narrow Width Products
U.S. importers of narrow width products (HS Code specific to items not exceeding 12 cm) from Uruguay have reported smoother customs processes due to recent digital documentation upgrades at Uruguayan ports.
2023-09-22
Impact: Reduced delays at customs are likely to enhance trade efficiency, potentially increasing import volumes by 10% in the next quarter.
Uruguay Increases Production Capacity for Narrow Width Goods to Meet U.S. Demand
Uruguayan manufacturers of goods with a width not exceeding 12 cm have expanded production facilities to cater to growing demand from the United States, supported by favorable trade terms.
2023-08-30
Impact: This expansion could lead to a 20% rise in exports to the U.S., strengthening bilateral trade ties and benefiting U.S. retailers with diversified supply options.
Policy Updates
U.S.-Uruguay Tariff Reduction on Narrow Width Goods
The United States and Uruguay have agreed to reduce tariffs by 5% on goods of a width not exceeding 12 cm under specific HS Codes, effective from November 1, 2023, to promote trade in niche product categories.
Date: 2023-10-10
Uruguay Updates Export Compliance for Narrow Width Products
Uruguay has implemented stricter quality control and labeling requirements for exported goods with a width not exceeding 12 cm to align with U.S. regulatory standards, effective immediately.
