US Exports of Lubricating Oils to Nepal See Slight Increase
Recent trade data indicates a marginal rise in the export of lubricating oils and greases (HS Code: 271019) from the United States to Nepal, driven by growing demand in Nepal's industrial sector.
October 15, 2023
Impact: This increase may encourage US exporters to focus on Nepal as a small but growing market for lubricants, potentially leading to stronger trade ties.
Nepal Imposes Quality Standards on Imported Lubricants
Nepal's government has introduced stricter quality control measures for imported lubricating oils and greases, affecting shipments from the United States and other countries.
September 5, 2023
Impact: US exporters may face additional compliance costs and delays, potentially impacting the volume of trade in the short term.
US-Nepal Trade Discussions Highlight Industrial Goods
During a recent bilateral trade meeting, the US and Nepal discussed expanding trade in industrial goods, including lubricating oils and greases, to support Nepal's infrastructure development.
August 20, 2023
Impact: This could lead to increased US exports of lubricants to Nepal if agreements are finalized, boosting trade in this category.