US-Cook Islands Trade Agreement on Acrylic and Polyester Resin Products
A new bilateral trade agreement has been signed between the United States and the Cook Islands, facilitating the import and export of products made of acrylic resin, polyester resin, or both, covered with textile material (HS Code: 3921.90). This agreement aims to reduce tariffs and streamline customs processes.
2023-10-15
Impact: Expected to increase trade volume of these specific resin products between the two nations by reducing costs and improving market access for US exporters and Cook Islands importers.
US Exporters Report Growth in Resin-Based Textile Products to Cook Islands
US exporters have noted a 15% increase in shipments of acrylic and polyester resin products covered with textile material to the Cook Islands in the third quarter of 2023, driven by growing demand in the region for durable materials.
2023-09-20
Impact: This growth signals a strengthening trade relationship and potential for further market expansion in the Cook Islands for US manufacturers of these products.
Cook Islands Imposes Temporary Quota on Resin-Based Imports from US
The Cook Islands government has introduced a temporary quota on imports of acrylic and polyester resin products covered with textile material from the United States to protect local industries while demand assessments are conducted.
2023-08-05
Impact: This quota may limit US exports in the short term, potentially affecting revenue for US companies reliant on the Cook Islands market.
