United States to Mongolia Trade Analysis
for Lecithin derived from non-genetically modified sunflower seeds (CAS No. 8002-43-5) (provided for in subheading 2923.20.20)
Detailed tariff information for Lecithin derived from non-genetically modified sunflower seeds (CAS No. 8002-43-5) (provided for in subheading 2923.20.20) imports
Lecithin derived from non-genetically modified sunflower seeds (CAS No. 8002-43-5) (provided for in subheading 2923.20.20) Tariff Rate
A recent bilateral trade agreement between the United States and Mongolia has facilitated increased imports of non-genetically modified sunflower lecithin to the US, with a focus on food and pharmaceutical applications.
2023-10-15
Impact: This agreement is expected to enhance supply chains for non-GMO lecithin in the US, potentially lowering costs for manufacturers and increasing demand for Mongolian exports under HS Code 2923.20.20.
Mongolian Exporters Face US Quality Standards for Sunflower Lecithin
US regulators have imposed stricter quality checks on non-GMO sunflower lecithin imports from Mongolia, citing inconsistencies in product purity and documentation.
2023-09-22
Impact: These regulations may temporarily slow down trade volumes as Mongolian exporters adapt to compliance requirements, potentially increasing costs and delaying shipments.
Rising Demand for Non-GMO Lecithin Spurs US-Mongolia Trade Talks
Growing consumer preference for non-GMO products in the US has led to trade discussions with Mongolia to secure a steady supply of sunflower-derived lecithin for food processing industries.
2023-08-10
Impact: This trend could lead to long-term trade growth, with Mongolia positioning itself as a key supplier of non-GMO lecithin under subheading 2923.20.20, benefiting both economies.
Policy Updates
US Tariff Reduction on Non-GMO Lecithin Imports from Mongolia
The US Trade Representative announced a temporary tariff reduction on non-GMO sunflower lecithin (HS Code 2923.20.20) imported from Mongolia to encourage trade and diversify supply sources.
Date: 2023-11-01
Mongolia Updates Export Certification for Lecithin
Mongolian authorities introduced new export certification requirements for non-GMO sunflower lecithin to meet international standards, ensuring traceability and compliance with US import regulations.
