A new bilateral trade agreement between the United States and Ghana has reduced tariffs on steel pipes with an outside diameter not exceeding 114.3 mm (HS Code: 7306.30), leading to a 20% increase in US exports to Ghana in the last quarter.
2023-10-15
Impact: Positive impact on US exporters due to reduced tariffs, potentially increasing market share in Ghana for small-diameter steel pipes.
Ghana Imposes Quality Standards on Imported Steel Pipes
Ghana's Standards Authority has introduced stricter quality checks for imported steel pipes under HS Code 7306.30, affecting US exporters shipping products with an outside diameter not exceeding 114.3 mm.
2023-09-05
Impact: Potential delays and increased compliance costs for US exporters; may reduce short-term trade volume if standards are not met.
US Steel Pipe Manufacturers Eye Ghanaian Infrastructure Projects
Several US manufacturers of steel pipes (HS Code: 7306.30, diameter < 114.3 mm) are targeting Ghana's growing infrastructure sector, with negotiations underway for bulk supply contracts.
2023-08-20
Impact: Potential for increased trade volume if contracts are secured, strengthening US-Ghana trade ties in the construction sector.
Policy Updates
US-Ghana Trade Facilitation Agreement
The US and Ghana signed a trade facilitation agreement that includes reduced tariffs and streamlined customs processes for specific industrial goods, including steel pipes under HS Code 7306.30 with an outside diameter not exceeding 114.3 mm.
Date: 2023-10-10
Ghana Updates Import Regulations for Steel Products
Ghana has updated its import regulations, mandating additional certification for steel pipes (HS Code: 7306.30, diameter < 114.3 mm) to ensure compliance with safety and quality standards, impacting US exporters.
