U.S.-Japan Trade Agreement Boosts Gold Imports
A recent bilateral trade agreement between the U.S. and Japan has reduced tariffs on gold products, including rectangular or near-rectangular shapes of 99.5% purity or higher (HS Code: 7108.13.5000), facilitating an increase in exports from Japan to the U.S.
2023-10-15
Impact: This is expected to increase the volume of gold trade between the two countries, with Japan benefiting from higher export revenues and the U.S. gaining access to high-purity gold at lower costs.
Japan Increases Gold Purity Standards for Export
Japan has implemented stricter quality controls for gold exports, ensuring that rectangular or near-rectangular shapes meet or exceed 99.5% purity as per international standards, affecting shipments to the U.S.
2023-09-20
Impact: While this may temporarily slow down exports due to additional compliance checks, it is likely to enhance trust in Japanese gold products in the U.S. market over the long term.
U.S. Importers Report Surge in Japanese Gold Demand
U.S. importers have noted a significant rise in demand for Japanese-manufactured high-purity gold shapes (HS Code: 7108.13.5000), driven by industrial and investment needs.
2023-08-05
Impact: This surge could strengthen trade ties, potentially leading to more favorable trade terms or increased quotas for Japanese gold exports to the U.S.
