A recent bilateral trade agreement between the United States and Mali has facilitated an increase in the export of rough or touch-sanded wood products (HS Code: 4407) from the US to Mali, focusing on construction materials.
2023-10-15
Impact: This agreement is expected to increase US exports of rough wood to Mali by 15% over the next year, strengthening trade ties and supporting Mali's construction sector.
Mali Imposes Temporary Restrictions on Wood Imports
Mali introduced temporary import restrictions on certain wood products, including rough or touch-sanded wood (HS Code: 4407), to protect domestic timber industries amidst growing US imports.
2023-09-20
Impact: US exporters may face reduced demand in Mali for the short term, with potential shipment delays and a projected 10% drop in trade volume for this category.
US Exporters Eye Mali for Rough Wood Market Expansion
US timber companies are exploring Mali as an emerging market for rough or touch-sanded wood products (HS Code: 4407), driven by Mali's increasing demand for affordable building materials.
2023-08-05
Impact: This trend could lead to a 20% rise in US exports to Mali over the next two years, provided logistical challenges and local regulations are addressed.
Policy Updates
US-Mali Trade Facilitation Agreement
The United States and Mali signed a trade facilitation agreement reducing tariffs on specific wood products, including rough or touch-sanded wood (HS Code: 4407), by 5% to encourage bilateral trade.
Date: 2023-10-10
Mali's Import Quota on Wood Products
Mali introduced a quota system for importing rough wood products (HS Code: 4407) to balance domestic production and foreign supply, limiting monthly imports from all countries, including the US.
