Stable with slight increase of 2% from previous year
Special Rates
Preferential Rate under US-Vietnam Bilateral Trade Agreement
0%
Applicable to goods meeting origin criteria under the agreement; requires Certificate of Origin
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US Increases Imports of Cocoa Waste from Vietnam Amid Rising Demand
The United States has seen a 20% increase in imports of cocoa shells, husks, and waste (HS Code: 1802.00) from Vietnam in Q3 2023, driven by growing demand in the animal feed and fertilizer industries.
October 15, 2023
Impact: This surge strengthens trade ties between the US and Vietnam, potentially leading to long-term supply agreements and increased export revenue for Vietnamese cocoa processors.
Vietnam Expands Cocoa Waste Processing Capacity for US Market
Vietnamese cocoa processors have invested in new facilities to meet US demand for cocoa waste products, focusing on sustainable by-products like husks and shells for industrial use.
September 5, 2023
Impact: Enhanced processing capabilities could position Vietnam as a key supplier of cocoa waste to the US, increasing export volumes and fostering competitive pricing.
During recent bilateral trade discussions, both nations emphasized the potential of cocoa waste (HS Code: 1802.00) as a niche export from Vietnam to the US, with a focus on sustainable trade practices.
August 20, 2023
Impact: These talks may lead to reduced trade barriers and improved market access for Vietnamese cocoa waste products in the US, boosting trade in this sector.
Policy Updates
US Adjusts Tariff Rates on Cocoa Waste Imports
The US has announced a temporary reduction in tariffs on cocoa shells, husks, and waste (HS Code: 1802.00) from Vietnam under a broader agricultural trade agreement, aiming to encourage sustainable imports.
Date: October 1, 2023
Vietnam Introduces Export Incentives for Cocoa By-Products
The Vietnamese government has implemented tax rebates and subsidies for exporters of cocoa waste products to the US, as part of a strategy to promote agricultural by-product trade.
