A new trade agreement between the United States and Armenia has facilitated the export of high-viscosity polymers (viscosity number of 78 ml/g or higher) by reducing tariffs and streamlining customs processes.
2023-10-15
Impact: This agreement is expected to increase U.S. exports of high-viscosity polymers to Armenia by 15% over the next year, strengthening bilateral trade ties.
Armenia Increases Demand for U.S. High-Viscosity Materials
Armenian industrial sectors have shown a growing demand for U.S.-made high-viscosity polymers, leading to a 10% rise in imports over the past quarter.
2023-09-20
Impact: The surge in demand could lead to higher export volumes for U.S. manufacturers, though supply chain constraints may pose challenges.
U.S. Exporters Face Logistics Delays in Armenia for Polymer Shipments
Recent logistical bottlenecks at Armenian ports have delayed shipments of high-viscosity polymers from the U.S., affecting delivery timelines for key industrial buyers.
2023-08-05
Impact: Delays may temporarily reduce trade efficiency and increase costs for U.S. exporters, potentially impacting future contracts.
Policy Updates
U.S.-Armenia Tariff Reduction on High-Viscosity Polymers
The U.S. and Armenia have agreed to reduce tariffs by 5% on high-viscosity polymers (HS Code specific to viscosity number of 78 ml/g or higher) to encourage trade in industrial materials.
Date: 2023-10-01
Armenia Updates Import Regulations for Polymer Products
Armenia has introduced stricter quality control measures for imported high-viscosity polymers, requiring additional certification from U.S. exporters to meet new standards.
