Industry News

2015 Harmonized Tariff Schedule
January 5, 2015

    The U.S. International Trade Commission posted the 2015 Harmonized Tariff Schedule of the United States (HTSUS) with several changes.  As of January 1, 2015, the new HTSUS removes Russia from the list of countries benefiting from the Generalized System of Preferences, which allows certain countries to import designated products without paying duties.  Additionally, the Africa Growth and Opportunity Act now includes Madagascar and Guinea-Bissau, while removing Gambia and South Sudan.  The 2015 HTSUS allows for the continuation of the Israeli agricultural trade agreement with the U.S until the end of 2015.  Furthermore, Bahrain will be able to export their textiles and clothing to the U.S. duty free until the end of July 2015.  The HTSUS also amends the list of statistical suffixes to tariff subheadings for various products.

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