Applicable under the US-Mongolia Trade Agreement for qualifying goods with proper documentation (Certificate of Origin required).
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Last updated: 1 year ago
News and Updates
Recent News
US-Mongolia Trade Agreement Boosts Imports of HS Code Items Over 9.5 mm
A new bilateral trade agreement between the United States and Mongolia has reduced tariffs on specific industrial goods, including items with a maximum cross-sectional dimension over 9.5 mm (HS Code category), facilitating increased exports from Mongolia to the US.
2023-10-15
Impact: This agreement is expected to increase trade volume for these specific goods by 15% over the next year, benefiting Mongolian exporters and US importers seeking cost-effective industrial components.
US Imposes Temporary Quota on Mongolian HS Code Imports Over 9.5 mm
The US Department of Commerce announced a temporary quota on imports of certain industrial products with a cross-sectional dimension over 9.5 mm from Mongolia to protect domestic manufacturers amid rising import volumes.
2023-09-01
Impact: The quota may limit Mongolian exports in this category, potentially reducing trade by 10% in the short term and prompting Mongolian suppliers to seek alternative markets.
Mongolia Expands Production Capacity for HS Code Items Over 9.5 mm for US Market
Mongolian industrial firms have invested in expanding production facilities for goods with a maximum cross-sectional dimension over 9.5 mm, targeting increased demand from US construction and manufacturing sectors.
2023-08-20
Impact: This expansion could lead to a 20% rise in exports to the US in this category, strengthening trade ties, provided no new tariffs or restrictions are imposed.
Policy Updates
US-Mongolia Trade Partnership Update on HS Code Tariffs
The US Trade Representative’s office updated the tariff schedule under the US-Mongolia trade partnership, reducing duties on industrial goods with a cross-sectional dimension over 9.5 mm (specific HS Code) from 5% to 2%, effective immediately.
Date: 2023-10-10
Mongolia Introduces Export Incentive for HS Code Category Over 9.5 mm
The Mongolian government has introduced a tax rebate program for exporters of industrial products with a cross-sectional dimension over 9.5 mm, aiming to boost competitiveness in the US market.
