U.S.-Ireland Trade Agreement Boosts Chemical Exports Including Cresols
A new bilateral trade agreement between the United States and Ireland has reduced tariffs on chemical products, including metacresol, orthocresol, paracresol, and metaparacresol (HS Code: 2907.12.00), with purity of 75% or more by weight. This has led to an increase in exports from the U.S. to Ireland.
2023-10-15
Impact: Positive impact on trade with reduced tariffs expected to increase U.S. exports of cresols to Ireland by 10-15% in the next fiscal year.
Ireland Imposes Stricter Import Standards for Chemical Purity
Ireland has introduced new import regulations requiring detailed purity certifications for cresol compounds (HS Code: 2907.12.00). This affects U.S. exporters of metacresol, orthocresol, paracresol, and metaparacresol with purity of 75% or more.
2023-09-22
Impact: Potential delays in trade due to additional documentation requirements, possibly increasing costs for U.S. exporters.
U.S. Chemical Industry Reports Surge in Demand for Cresols in Ireland
Increased demand for high-purity cresol compounds in Ireland's pharmaceutical sector has led to a spike in U.S. exports of metacresol, orthocresol, paracresol, and metaparacresol (HS Code: 2907.12.00).
2023-08-30
Impact: Significant growth in trade volume, with U.S. exporters ramping up production to meet Irish market needs.
