Recent trade discussions between the US and Mongolia have included a focus on cellulose and its chemical derivatives (HS Code: 3912), with both nations exploring potential export opportunities for these materials used in industrial applications.
2023-10-15
Impact: This could lead to an increase in bilateral trade volume for cellulose derivatives, potentially benefiting US exporters and Mongolian industrial sectors.
Mongolia Seeks US Cellulose Products for Construction Sector
Mongolia has expressed interest in importing cellulose-based materials from the US to support its growing construction industry, particularly for use in adhesives and coatings.
2023-09-22
Impact: This demand may boost US exports of cellulose derivatives to Mongolia, fostering stronger trade ties in niche chemical sectors.
US Exporters Eye Mongolian Market for Cellulose Derivatives
US chemical manufacturers are exploring Mongolia as an emerging market for cellulose derivatives, driven by the country’s increasing industrial and pharmaceutical needs.
2023-08-30
Impact: This could result in a new trade corridor for specialized chemical products, though volumes are expected to remain modest initially.
Policy Updates
US-Mongolia Trade Agreement Review
The US and Mongolia are reviewing their bilateral trade agreement to include provisions for tariff reductions on chemical products, including cellulose and its derivatives (HS Code: 3912), to facilitate smoother trade flows.
