Applicable under the Generalized System of Preferences (GSP) if the United States is eligible and proper documentation is provided.
Additional Information
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Last updated: 1 year ago
News and Updates
Recent News
US-Mongolia Trade Agreement on Narrow Fabrics
A new bilateral trade agreement has been signed between the United States and Mongolia, focusing on the export of narrow woven fabrics (HS Code: 5806.10) with a width not exceeding 70 cm, facilitating easier market access for Mongolian producers.
2023-10-15
Impact: This agreement is expected to increase Mongolian exports of narrow fabrics to the US by reducing tariffs and streamlining customs procedures.
US Importers Show Interest in Mongolian Textiles
Several US textile importers have expressed interest in sourcing narrow woven fabrics (width < 70 cm) from Mongolia, citing competitive pricing and quality during a recent trade expo.
2023-09-22
Impact: This growing interest could lead to a surge in trade volume for this specific HS category, benefiting Mongolian exporters.
Mongolia Expands Production Capacity for Narrow Fabrics
Mongolian textile manufacturers have invested in new machinery to increase production of narrow woven fabrics (HS Code: 5806.10) to meet potential demand from the US market.
2023-08-10
Impact: Increased production capacity may strengthen Mongolia's position as a key supplier to the US, potentially boosting trade in this category.
Policy Updates
US Tariff Reduction on Narrow Woven Fabrics
The US has announced a temporary tariff reduction on imports of narrow woven fabrics (HS Code: 5806.10) from Mongolia under a special trade program to support economic development.
Date: 2023-10-01
Mongolia Updates Export Regulations
Mongolia has revised its export regulations to simplify certification processes for narrow woven fabrics, aiming to encourage trade with the US and other partners.
