US-Hungary Trade Agreement on Specialized Glass Products
The United States and Hungary have signed a new trade agreement facilitating the export of specialized glass (HS Code: 7013.37) with a low linear coefficient of expansion, used in high-tech industries. This deal reduces tariffs by 15% on these products.
2023-10-15
Impact: This agreement is expected to boost exports of specialized glass from Hungary to the US, increasing trade volume and strengthening bilateral economic ties in the technology sector.
Hungarian Glass Manufacturer Expands US Market Presence
A leading Hungarian glass manufacturer announced a partnership with a US-based tech firm to supply glass with a linear coefficient of expansion not exceeding 5 x 10^-6 per Kelvin, targeting the semiconductor industry.
2023-09-22
Impact: This partnership is likely to increase Hungarian exports to the US, particularly in niche markets like semiconductors, fostering job creation and investment in Hungary.
US Importers Report Surge in Demand for Hungarian Low-Expansion Glass
US importers have noted a 20% increase in demand for Hungarian glass products under HS Code 7013.37, driven by needs in scientific equipment manufacturing due to the material's thermal stability.
2023-08-05
Impact: The rising demand may lead to higher trade volumes between the two countries, potentially prompting further negotiations for favorable trade terms or quotas.
