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Those seeking to take advantage of the tariff benefits stemming from the U.S.-Panama Trade Promotion Agreement should ensure their products comply with rules-of-origin requirements to avoid fines and back duty assessments.
South Asia, which includes Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka, accounts for 24 percent of the world’s population, with 1.84 billion people in 2019.
Government of Sri Lanka has notified revision of a Special Commodity Levy (SCL) under 20 Harmonized System (HS) headings; the notification is effective for 6 months, beginning May 22.
Government of Sri Lanka has notified revision of a Special Commodity Levy on imported fruits under 4 Harmonized System (HS) headings; the notification is effective for 2 months, beginning April 17
Panama is an attractive market for exporting U.S. agricultural food products.
Central America and the Caribbean, with their close geographical and economic ties to the United States, have always been an important market for U.S. agricultural exports.