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 Boosts Steel Imports
A new bilateral trade agreement between the United States and Mongolia has facilitated an increase in the import of steel products with a maximum cross-section of 152 mm or more (HS Code: 7216.33) to the US, focusing on construction materials.
2023-10-15
Impact: This agreement is expected to enhance the supply chain for US construction industries, potentially lowering costs for steel-related products, while increasing Mongolia's export revenue.
Mongolia Increases Export Capacity for Steel to US
Mongolia has ramped up production and export capabilities for steel products under HS Code 7216.33, targeting the US market amid growing demand for infrastructure projects.
2023-09-20
Impact: This could lead to a stronger trade relationship between the two countries, with the US benefiting from diversified steel sources and Mongolia gaining a larger market share.
US Importers Eye Mongolian Steel for Competitive Pricing
US importers have shown growing interest in Mongolian steel products (HS Code: 7216.33) due to competitive pricing compared to other global suppliers, following a trade delegation visit.
2023-08-05
Impact: Increased imports from Mongolia may pressure domestic US steel producers to lower prices, while fostering economic ties with Mongolia.
Policy Updates
US-Mongolia Trade Facilitation Agreement
The US and Mongolia signed a trade facilitation agreement reducing tariffs on specific industrial goods, including steel products with a maximum cross-section of 152 mm or more (HS Code: 7216.33), to promote bilateral trade.
Date: 2023-10-10
Mongolia Updates Export Regulations for Steel
Mongolia revised its export policies to streamline the process for steel products under HS Code 7216.33, aiming to meet international demand, particularly from the United States.
