US-Lithuania Trade Agreement Boosts Chemical Exports
A new trade agreement between the United States and Lithuania has reduced barriers for chemical products, including monomethyl ethers of ethylene glycol or diethylene glycol (HS Code: 2909.44), facilitating increased exports from the US to Lithuania.
2023-10-15
Impact: Positive impact with expected increase in US exports due to lower tariffs and streamlined customs processes.
Lithuanian Demand for US Glycol Ethers Surges
Lithuanian industrial sectors have reported a growing demand for monomethyl ethers of ethylene glycol, leading to a 15% increase in imports from the US in the last quarter.
2023-09-20
Impact: Positive for US exporters as demand drives higher trade volumes, though supply chain constraints may pose challenges.
US Imposes Temporary Export Controls on Chemical Compounds
The US government introduced temporary export controls on certain chemical compounds, including monomethyl ethers of ethylene glycol, citing national security concerns, affecting shipments to several countries including Lithuania.
2023-08-05
Impact: Negative short-term impact on trade with Lithuania due to delays and additional compliance requirements.
