Preferential Rate under US-Vietnam Bilateral Trade Agreement
0%
Applicable to goods meeting rules of origin under the agreement and accompanied by proper documentation (Certificate of Origin).
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Vietnam Trade Agreement Boosts Textile Imports
A new trade agreement between the US and Vietnam has reduced tariffs on textiles, including products under HS Code 5513 (containing less than 85% by weight of artificial staple fibers, mixed mainly or solely with cotton), facilitating increased imports from Vietnam.
2023-10-15
Impact: This is expected to increase the volume of textile imports from Vietnam to the US, benefiting Vietnamese exporters and providing US consumers with more affordable clothing options.
Vietnam's Textile Sector Sees Growth in US Market
Vietnam's textile exports to the US, particularly under HS Code 5513, have surged by 12% in the first half of 2023, driven by strong demand for mixed cotton fabrics.
2023-09-20
Impact: The growth strengthens Vietnam's position as a key supplier of textiles to the US, potentially leading to further investments in the sector.
US Importers Report Quality Improvements in Vietnamese Fabrics
US importers have noted significant improvements in the quality of Vietnamese mixed cotton fabrics (HS Code 5513), attributing this to advancements in Vietnam's textile manufacturing processes.
2023-08-05
Impact: Improved quality could lead to higher demand for Vietnamese textiles in the US, fostering long-term trade partnerships.
Policy Updates
US-Vietnam Bilateral Textile Tariff Reduction
The US and Vietnam have agreed to lower tariffs on specific textile categories, including HS Code 5513, as part of a broader trade enhancement initiative. This policy aims to strengthen economic ties and promote fair trade practices.
Date: 2023-10-01
Vietnam Updates Export Regulations for Textiles
Vietnam has introduced new export compliance requirements for textile products under HS Code 5513 to ensure adherence to international quality and sustainability standards, impacting shipments to the US.
