A new bilateral trade agreement between the United States and Mongolia has facilitated an increase in the export of Copper Phthalocyanine (not ready for use as a pigment) from the US to Mongolia, focusing on industrial applications.
2023-10-15
Impact: This agreement is expected to increase US exports to Mongolia by 15% in the chemical sector, potentially strengthening supply chains for industrial raw materials.
Mongolia Imposes Temporary Import Quota on Copper Phthalocyanine
Mongolia has introduced a temporary import quota on Copper Phthalocyanine to protect domestic chemical industries, affecting US exporters.
2023-09-01
Impact: US exporters may face reduced market access in Mongolia, with a potential decrease in trade volume by 10% for this specific product until the quota is lifted.
US Increases Tariffs on Chemical Imports, Impacting Mongolia's Copper Phthalocyanine
The US has raised tariffs on certain chemical imports, including Copper Phthalocyanine, which may indirectly affect Mongolia's export potential to the US due to supply chain dependencies.
2023-07-20
Impact: This tariff hike could lead to a 5% reduction in Mongolia's indirect exports of related chemical intermediates to the US market.
Policy Updates
US-Mongolia Trade Partnership Framework Update
The US and Mongolia updated their trade partnership framework to include specific provisions for chemical intermediates like Copper Phthalocyanine, aiming to streamline customs processes and reduce non-tariff barriers.
Date: 2023-10-10
Mongolia's Revised Import Regulations for Chemical Compounds
Mongolia revised its import regulations, introducing stricter documentation requirements for chemical compounds including Copper Phthalocyanine, to ensure compliance with environmental and safety standards.
