United States to Bahrain Trade Analysis
for Lecithin derived from non-genetically modified rapeseed (CAS No. 8002-43-5) (provided for in subheading 2923.20.20)
Detailed tariff information for Lecithin derived from non-genetically modified rapeseed (CAS No. 8002-43-5) (provided for in subheading 2923.20.20) imports
Lecithin derived from non-genetically modified rapeseed (CAS No. 8002-43-5) (provided for in subheading 2923.20.20) Tariff Rate
A recent bilateral trade agreement between the US and Bahrain has reduced tariffs on non-GMO rapeseed lecithin (CAS No. 8002-43-5), leading to a surge in exports from the US to Bahrain under HS subheading 2923.20.20.
2023-10-15
Impact: Positive impact on US exporters with reduced tariffs increasing competitiveness in the Bahraini market.
Bahrain Increases Demand for Non-GMO Lecithin in Food Industry
Bahrain's growing food processing sector has driven a higher demand for non-GMO rapeseed lecithin from the US, with imports under HS subheading 2923.20.20 rising by 15% in the last quarter.
2023-09-22
Impact: Increased demand strengthens trade volume and opportunities for US suppliers.
New shipping routes and logistics agreements between the US and Bahrain have streamlined the export process for non-GMO rapeseed lecithin, reducing delivery times and costs for products under HS subheading 2923.20.20.
2023-08-10
Impact: Improved logistics likely to boost trade efficiency and reduce costs for US exporters.
Policy Updates
US-Bahrain Free Trade Agreement Amendment on Agricultural Products
An amendment to the US-Bahrain Free Trade Agreement now includes specific provisions for reduced tariffs on non-GMO agricultural derivatives like rapeseed lecithin (HS subheading 2923.20.20), effective from October 2023.
