A new bilateral trade agreement between the United States and Ireland has reduced tariffs on construction materials, including welded wire stucco netting (furred, not reinforced with supplemental horizontal wire), facilitating increased exports from the US to Ireland.
2023-10-15
Impact: This agreement is expected to increase US exports of welded wire stucco netting to Ireland by 15% over the next year, benefiting US manufacturers.
Irish Construction Boom Drives Demand for US Stucco Netting
Ireland's ongoing construction boom has led to a surge in demand for imported building materials, with US suppliers of welded wire stucco netting seeing a significant uptick in orders.
2023-09-22
Impact: US exporters are likely to see sustained growth in this niche market as Ireland's construction sector continues to expand.
Global supply chain disruptions have temporarily delayed shipments of welded wire stucco netting from the US to Ireland, causing minor shortages in the Irish market.
2023-08-05
Impact: Short-term trade volumes may decrease due to logistical challenges, though recovery is expected as supply chains stabilize.
Policy Updates
US-Ireland Tariff Reduction on Construction Materials
A new policy under the US-Ireland trade framework has reduced tariffs on specific construction materials, including welded wire stucco netting under the relevant HS code, by 5% to encourage bilateral trade.
Date: 2023-10-10
Ireland Updates Import Standards for Construction Materials
Ireland has implemented stricter quality and safety standards for imported construction materials, including welded wire stucco netting, requiring US exporters to comply with new certification processes.
