A recent bilateral trade agreement between the US and Chile has reduced tariffs on articles of plaster (HS Code: 6809), leading to a 15% increase in US exports to Chile in the last quarter.
2023-10-15
Impact: Positive impact on US exporters of plaster products due to lower tariffs and increased market access in Chile.
Chile Increases Demand for US Plaster-Based Construction Materials
Chile's booming construction sector has driven a surge in demand for US-made plaster products, with imports under HS Code 6809 rising by 10% year-over-year.
2023-09-20
Impact: Increased export opportunities for US manufacturers, strengthening trade ties with Chile in the construction materials sector.
Supply Chain Disruptions Affect Plaster Trade Between US and Chile
Logistical challenges and port delays in the US have temporarily slowed the export of plaster articles (HS Code: 6809) to Chile, causing a 5% drop in trade volume in Q3 2023.
2023-08-05
Impact: Negative short-term impact on trade flow, with potential delays in meeting Chilean market demand.
Policy Updates
US-Chile Free Trade Agreement Tariff Reduction on HS Code 6809
Under the US-Chile Free Trade Agreement, tariffs on articles of plaster or compositions based on plaster (HS Code: 6809) have been reduced from 2.5% to 1%, effective October 1, 2023, to encourage bilateral trade.
