Thailand
Travel goods exports could soar as US drops tariffs
Cambodia: Travel goods exports could soar as US drops tariffs
Thu, 7 July 2016 – New trade privileges that allow Cambodian-manufactured travel goods duty-free access to the United States for the first time could see exports of these items increase by over 400 per cent in the coming years, industry experts said yesterday.
An amendment to the US Generalised System of Preferences (GSP) effective July 1 removed US customs tariffs on Cambodian-made travel products such as luggage, backpacks, handbags and wallets.
The items, which previously faced tariffs of between 4.5 and 20 per cent, can now enter the US duty-free under the expanded program, which grants tariff exemptions to the products of developing countries. Read More?