U.S.-Croatia Trade Agreement Boosts Industrial Minerals Sector
A new bilateral trade agreement between the United States and Croatia has reduced tariffs on industrial minerals, including articles with a hardness of 9 or more on the Mohs scale (e.g., industrial diamonds and corundum), facilitating smoother trade flows.
2023-10-15
Impact: This agreement is expected to increase U.S. exports of high-hardness materials to Croatia by 15% over the next year, benefiting American manufacturers.
Croatia Increases Demand for U.S.-Made Industrial Abrasives
Croatian manufacturing sectors, particularly in shipbuilding and metalworking, have reported a surge in demand for U.S.-produced abrasives classified under HS Code for materials with Mohs hardness of 9 or more.
2023-09-22
Impact: U.S. exporters are seeing a 10% rise in orders, strengthening trade ties, though supply chain delays may pose short-term challenges.
U.S. Imposes Quality Standards on Imported Hard Materials from Croatia
The U.S. Department of Commerce introduced stricter quality control measures for imported articles with Mohs hardness of 9 or more, affecting Croatian exporters of industrial tools and components.
2023-08-05
Impact: Croatian exports to the U.S. may face temporary delays and increased compliance costs, potentially reducing trade volume by 5% in the near term.
