United States to Iraq Trade Analysis
for Containing 5 percent or more but not more than 25 percent by weight of one or more aromatic or modified aromatic substances
Detailed tariff information for Containing 5 percent or more but not more than 25 percent by weight of one or more aromatic or modified aromatic substances imports
Containing 5 percent or more but not more than 25 percent by weight of one or more aromatic or modified aromatic substances Tariff Rate
Applicable under specific trade agreements or exemptions for certain US exporters; requires Certificate of Origin.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Iraq Trade Agreement Boosts Chemical Exports
A new trade agreement between the United States and Iraq has facilitated an increase in the export of aromatic substances under HS Code category (containing 5-25% by weight of aromatic or modified aromatic substances) from the US to Iraq, with a reported 15% rise in shipments this quarter.
2023-10-15
Impact: Positive impact on US exporters due to reduced tariffs and streamlined customs processes, potentially increasing market share in Iraq for these chemical products.
Iraq Imposes Quality Standards on Imported Aromatic Substances
Iraq's Ministry of Trade introduced stricter quality control measures for imported chemical products, including aromatic substances under HS Code (5-25% by weight), affecting US exporters who must now comply with additional certification requirements.
2023-09-20
Impact: Potential delays and increased costs for US exporters to meet Iraq's new quality standards, which could temporarily reduce trade volume.
US Chemical Firms Eye Iraqi Market for Aromatic Compounds
Several US-based chemical manufacturers have expressed interest in expanding their exports of aromatic substances (5-25% by weight) to Iraq, driven by growing demand in Iraq's industrial sector for such compounds.
2023-08-05
Impact: Potential growth in trade volume as US firms invest in meeting Iraqi demand, though logistical challenges and regional instability may pose risks.
Policy Updates
US-Iraq Bilateral Trade Framework Update
The US and Iraq updated their bilateral trade framework to include specific provisions for chemical products under HS Code categories, including aromatic substances (5-25% by weight), reducing tariffs by 10% and establishing a joint committee to address trade barriers.
Date: 2023-10-01
Iraq's New Import Regulation for Chemical Substances
Iraq implemented a new regulation requiring all imported chemical products, including aromatic substances under HS Code (5-25% by weight), to undergo mandatory testing for compliance with local safety and environmental standards before entry.
