U.S. Increases Exports of Ferrous Products to Moldova
The United States reported a significant rise in exports of ferrous products obtained by direct reduction of iron ore (HS Code: 7203) to Moldova, with a 20% increase in volume compared to the previous year, driven by demand in Moldova's construction sector.
2023-10-15
Impact: This surge strengthens trade ties between the U.S. and Moldova, potentially leading to long-term contracts and increased market share for U.S. exporters.
Moldova Implements Quality Standards for Imported Ferrous Products
Moldova introduced new quality control measures for imported ferrous products, including iron with a minimum purity of 99.94%, to ensure compliance with local industrial standards. U.S. exporters are adapting to meet these requirements.
2023-09-05
Impact: U.S. exporters may face higher compliance costs and delays in shipments, potentially affecting trade volumes in the short term.
U.S.-Moldova Trade Talks Highlight Ferrous Product Sector
During recent bilateral trade discussions, the U.S. and Moldova focused on enhancing cooperation in the ferrous products sector, aiming to reduce logistical barriers for products under HS Code 7203.
2023-08-20
Impact: Improved logistics and reduced trade barriers could boost U.S. exports of ferrous products to Moldova, benefiting both economies.
