Recent bilateral trade discussions between the United States and Mongolia have included specific focus on the export of carbonized materials under HS Code classifications. Both nations are exploring ways to streamline trade processes for these goods.
2023-10-15
Impact: Potential for increased exports of carbonized materials from Mongolia to the US, with simplified customs procedures likely to reduce costs and time.
Mongolia Seeks US Market Access for Carbonized Products
Mongolian trade representatives have proposed enhanced market access for carbonized materials to the US, emphasizing the quality and sustainability of their products during a trade expo in Washington, D.C.
2023-09-22
Impact: If successful, this could lead to a significant boost in Mongolia’s carbonized material exports, strengthening economic ties with the US.
US Importers Show Interest in Mongolian Carbonized Goods
A group of US importers visited Mongolia to assess the potential of importing carbonized materials not processed beyond the carbonized condition, citing competitive pricing and unique material properties.
2023-08-30
Impact: This interest could result in new trade agreements, potentially increasing Mongolia’s share in the US market for carbonized products.
Policy Updates
US Updates Tariff Classification for Carbonized Materials
The US Customs and Border Protection agency has issued a clarification on the tariff classification of carbonized materials under specific HS Codes, aiming to reduce misclassification and ensure accurate duty application for imports from countries like Mongolia.
Date: 2023-10-01
Mongolia Revises Export Guidelines for Carbonized Products
The Mongolian government has updated export guidelines to ensure compliance with international standards for carbonized materials, facilitating smoother trade with partners like the United States.
