US Increases Import of Particle Board from India Amid Rising Construction Demand
The United States has seen a significant rise in particle board imports from India, driven by booming construction and furniture industries. Trade data indicates a 20% increase in imports under HS Code 4410 in the past quarter.
October 15, 2023
Impact: This surge strengthens trade ties between the US and India, benefiting Indian exporters while meeting US demand for cost-effective building materials.
India Imposes Quality Standards on Exported OSB to the US
India's Directorate General of Foreign Trade introduced stricter quality control measures for oriented strand board (OSB) exports to the US to ensure compliance with international standards, affecting shipments under HS Code 4410.
September 5, 2023
Impact: While this may temporarily slow export volumes due to compliance checks, it is expected to enhance trust and long-term demand for Indian OSB in the US market.
US-India Trade Talks Highlight Tariff Reductions on Wood-Based Boards
During recent bilateral trade discussions, both nations explored reducing tariffs on particle board and similar products (HS Code 4410) to boost trade amidst growing demand for sustainable materials.
August 20, 2023
Impact: Potential tariff reductions could lower costs for US importers and increase export opportunities for Indian manufacturers, fostering greater trade volume.
