US-Cyprus Trade Agreement Boosts Stationery Exports
A recent bilateral trade agreement between the United States and Cyprus has reduced tariffs on stationery items under HS Code 9608, including ballpoint pens (9608.10) and felt-tipped markers (9608.20), facilitating increased exports from Cyprus to the US.
2023-10-15
Impact: This agreement is expected to increase Cypriot exports of pens and markers to the US by 15% over the next year, strengthening trade ties.
US Imposes Temporary Quota on Cypriot Fountain Pens
The US has introduced a temporary quota on imports of fountain pens (HS Code 9608.30) from Cyprus due to a surge in shipments, aiming to protect domestic manufacturers.
2023-09-05
Impact: The quota may limit Cypriot fountain pen exports to the US, potentially reducing trade volume in this category by 10% in the short term.
Cyprus Increases Production of Mechanical Pencils for US Market
Cypriot manufacturers have ramped up production of mechanical pencils (HS Code 9608.40) to meet growing demand in the US, following a trade promotion event.
2023-08-20
Impact: This surge in production could lead to a 20% increase in mechanical pencil exports to the US, enhancing Cyprus's market share in this segment.
