A recent report highlights the growth in trade of steel billets of uniform circular cross-section (HS Code: 7207.11) between the U.S. and Bahrain under the U.S.-Bahrain Free Trade Agreement (FTA), with a notable increase in exports from Bahrain to the U.S. due to tariff exemptions.
2023-09-15
Impact: Positive impact on trade volume; reduced tariffs under the FTA encourage higher exports of steel billets from Bahrain to the U.S., benefiting Bahraini producers.
Bahrain Increases Steel Billet Production for U.S. Market
Bahrain's major steel producer announced a capacity expansion to meet growing U.S. demand for steel billets (HS Code: 7207.11), supported by favorable trade terms and steady demand in the U.S. construction sector.
2023-08-10
Impact: Likely increase in trade flow; Bahrain's production boost could lead to higher U.S. imports, strengthening bilateral trade ties.
U.S. Importers Report Quality Compliance Issues with Bahraini Billets
Some U.S. importers flagged concerns over quality standards of steel billets (HS Code: 7207.11) imported from Bahrain, prompting discussions on stricter certification requirements.
2023-07-22
Impact: Potential temporary decline in trade; quality concerns may lead to delays or reduced imports until compliance issues are resolved.
Policy Updates
U.S.-Bahrain FTA Review on Steel Products
The U.S. and Bahrain initiated a review of the Free Trade Agreement terms specific to steel products, including billets of uniform circular cross-section (HS Code: 7207.11), to ensure fair trade practices and address any market distortions.
