A recent bilateral trade agreement between the US and Cambodia has reduced tariffs on industrial goods, including additives for lubricating oils (HS Code: 3811.21), facilitating increased exports from the US to Cambodia.
2023-10-15
Impact: This agreement is expected to increase US exports of lubricating oil additives to Cambodia by reducing costs for Cambodian importers, potentially boosting demand by 10-15% in the next year.
Cambodia Imposes New Quality Standards on Imported Lubricant Additives
Cambodia introduced stricter quality control measures for imported lubricating oil additives, affecting US exporters who must now comply with enhanced testing and certification requirements.
2023-09-20
Impact: US exporters may face higher compliance costs and delays in shipments, potentially reducing short-term trade volume until certifications are streamlined.
US Firm Expands Lubricant Additive Supply Chain to Cambodia
A major US-based manufacturer of lubricating oil additives announced a new distribution partnership in Cambodia to meet growing demand in the Southeast Asian automotive sector.
2023-08-05
Impact: This partnership is likely to strengthen US-Cambodia trade ties in this sector, with an estimated 20% increase in export volumes of additives over the next two years.
Policy Updates
US-Cambodia Tariff Reduction on Industrial Chemicals
The US and Cambodia finalized a tariff reduction agreement covering industrial chemicals, including additives for lubricating oils (HS Code: 3811.21), lowering duties by 5% to promote trade.
Date: 2023-10-10
Cambodia Updates Import Regulations for Chemical Additives
Cambodia's Ministry of Commerce issued new import regulations requiring detailed documentation and quality certifications for chemical additives, including lubricating oil additives, to ensure safety and environmental compliance.
