A recent bilateral trade agreement between the United States and Bolivia has reduced tariffs on woven wire stucco netting (furred, not reinforced with supplemental horizontal wire), leading to a 15% increase in US exports to Bolivia in the last quarter.
2023-10-15
Impact: Positive impact on US exporters due to lower tariffs and increased demand in Bolivia's construction sector.
Bolivian Construction Boom Drives Demand for US Stucco Netting
Bolivia's growing construction industry has spurred demand for imported woven wire stucco netting from the US, with trade volumes rising by 10% year-over-year as reported by the US Department of Commerce.
2023-09-20
Impact: Increased export opportunities for US manufacturers, though logistics costs remain a challenge.
Supply Chain Disruptions Affect Stucco Netting Trade with Bolivia
Global shipping delays have impacted the delivery of woven wire stucco netting from the US to Bolivia, causing a temporary 5% drop in trade volume during the third quarter of 2023.
2023-08-05
Impact: Negative short-term impact on trade flow, with potential for recovery as supply chain issues are resolved.
Policy Updates
US-Bolivia Tariff Reduction on Construction Materials
The US and Bolivia have agreed to reduce tariffs by 20% on specific construction materials, including woven wire stucco netting (HS Code to be specified), under a new trade facilitation pact aimed at supporting Bolivia's infrastructure development.
Date: 2023-10-01
Bolivian Import Regulation Update for Wire Products
Bolivia has updated its import regulations, requiring additional quality certification for woven wire products like stucco netting to ensure compliance with local construction standards, effective from August 2023.
