A recent bilateral trade agreement between the United States and Mongolia has reduced tariffs on sound recording and reproducing systems (HS Code: 8519), facilitating an increase in US exports to Mongolia.
2023-10-15
Impact: This agreement is expected to increase US exports of audio equipment to Mongolia by 15% over the next year, strengthening trade ties.
Mongolia Increases Demand for US Sound Motion Picture Projectors
Mongolia's growing entertainment sector has led to a surge in imports of US-made sound motion picture projectors, with a reported 20% rise in orders in the last quarter.
2023-09-20
Impact: This demand spike is likely to boost US exports under HS Code 8528, creating new market opportunities for American manufacturers.
Global supply chain issues have temporarily slowed the export of sound recording systems from the US to Mongolia, causing delays in shipments.
2023-08-05
Impact: Trade volume for HS Code 8519 may see a temporary decline of 10% until supply chain bottlenecks are resolved.
Policy Updates
US-Mongolia Tariff Reduction on Audio Equipment
The US and Mongolia have agreed to lower tariffs on sound recording and reproducing systems (HS Code 8519) by 5%, effective immediately, to encourage bilateral trade in technology products.
Date: 2023-10-10
Mongolia Updates Import Regulations for Sound Projectors
Mongolia has introduced new safety and quality standards for imported sound motion picture projectors (HS Code 8528), requiring additional certification for US exporters starting next quarter.
