US-Eswatini Trade Agreement Boosts Stainless Steel Sector
A new bilateral trade agreement between the United States and Eswatini has reduced tariffs on specific stainless steel products, including angles, shapes, and sections under HS 7222.40.30 and 7222.40.60, to promote industrial cooperation.
2023-10-15
Impact: This agreement is expected to increase exports of stainless steel products from Eswatini to the US, benefiting Eswatini's manufacturing sector while providing US industries with more cost-competitive materials.
Eswatini Stainless Steel Exports to US Face Quality Compliance Checks
US Customs and Border Protection announced stricter quality compliance checks for stainless steel imports under HS 7222.40.30 and 7222.40.60 from Eswatini, following concerns over inconsistent product standards.
2023-09-22
Impact: These checks may temporarily delay shipments and increase costs for Eswatini exporters, potentially affecting trade volumes until compliance issues are resolved.
US Increases Demand for Eswatini Stainless Steel Sections
Rising infrastructure projects in the US have led to a surge in demand for cost-effective stainless steel angles and sections, with Eswatini emerging as a key supplier under HS 7222.40.30 and 7222.40.60.
2023-08-05
Impact: This demand spike is likely to strengthen trade ties, encouraging Eswatini to ramp up production and potentially attract US investment in its steel sector.
