US-Bangladesh Trade Agreement on Steel Wire Rods
The United States and Bangladesh have agreed to facilitate trade on steel wire rods of uniform cross-section (HS Code: 7213.91), with cross-sectional dimensions not exceeding 9.5 mm, in coils. This agreement aims to reduce tariffs and streamline customs processes.
2023-10-15
Impact: Expected to increase exports of steel wire rods from Bangladesh to the US due to reduced tariffs and faster customs clearance, benefiting Bangladeshi manufacturers.
US Imposes Temporary Quota on Bangladeshi Steel Imports
The US Department of Commerce has introduced a temporary quota on imports of steel wire rods (HS Code: 7213.91) from Bangladesh to protect domestic industries, citing a surge in imports.
2023-09-20
Impact: This quota may restrict the volume of steel wire rods exported from Bangladesh to the US, potentially affecting Bangladeshi exporters' revenue in the short term.
Bangladesh Seeks Review of US Trade Barriers on Steel Products
Bangladesh has requested the US to review trade barriers on steel wire rods (HS Code: 7213.91) with cross-sectional dimensions under 9.5 mm, citing unfair restrictions impacting bilateral trade.
2023-08-05
Impact: If successful, this could lead to eased restrictions, boosting trade volumes and strengthening economic ties between the two countries.
