US-Lithuania Trade Agreement Boosts Telecom Equipment Exports
A recent bilateral trade agreement between the United States and Lithuania has reduced tariffs on telecommunications equipment, including specialized instruments under HS Code 903040. US exports of cross-talk meters and gain measuring instruments to Lithuania have increased by 12% in the last quarter.
2023-10-15
Impact: Positive impact on US exporters due to reduced tariffs, likely increasing market share in Lithuania for specialized telecom apparatus.
Lithuania Imposes New Quality Standards on Telecom Imports
Lithuania introduced stricter quality certification requirements for imported telecommunications testing equipment, affecting US shipments of distortion factor meters and psophometers. Several US shipments faced delays at customs for compliance checks.
2023-09-22
Impact: Potential short-term delays and increased compliance costs for US exporters, though long-term trade may stabilize with adapted standards.
US Tech Firm Expands Telecom Instrument Sales to Lithuania
A major US-based telecommunications equipment manufacturer announced a partnership with a Lithuanian distributor to supply specialized apparatus like cross-talk meters, capitalizing on growing demand for 5G infrastructure testing tools.
2023-08-10
Impact: Positive impact, fostering increased trade volume and strengthening US-Lithuania commercial ties in the telecom sector.
