A recent bilateral trade agreement between the United States and Mongolia has reduced tariffs on electrical equipment, including items with a power handling capacity not exceeding 50 kVA (HS Code: 8504.21.00). This is expected to increase US exports to Mongolia.
2023-10-15
Impact: Positive impact on US exporters of transformers and related equipment due to lower tariffs and increased market access in Mongolia.
Mongolia Increases Demand for US-Made Transformers
Mongolia's growing energy sector has led to a surge in demand for US-manufactured electrical transformers with a capacity not exceeding 50 kVA, as reported by the US Department of Commerce.
2023-09-20
Impact: Increased export opportunities for US manufacturers, potentially strengthening trade ties with Mongolia in the energy equipment sector.
US Trade Delegation Discusses Electrical Equipment Standards with Mongolia
A US trade delegation met with Mongolian officials to align standards and certifications for electrical equipment, including products under HS Code 8504.21.00, to facilitate smoother trade flows.
2023-08-05
Impact: Potential reduction in non-tariff barriers, making it easier for US companies to export equipment with power handling capacity not exceeding 50 kVA to Mongolia.
Policy Updates
US-Mongolia Tariff Reduction on Electrical Equipment
The US and Mongolia have agreed to a tariff reduction on electrical transformers and equipment with a power handling capacity not exceeding 50 kVA (HS Code: 8504.21.00), effective from November 1, 2023, under a new trade cooperation framework.
