US-Pakistan Trade Agreement on Acrylic Filament Tow
A new bilateral trade agreement between the United States and Pakistan has reduced tariffs on acrylic filament tow (HS 5501.30.00) to promote textile industry collaboration. The agreement focuses on specific tow specifications including polyacrylonitrile content and filament count.
2023-10-15
Impact: This reduction in tariffs is expected to increase exports of acrylic filament tow from Pakistan to the US, benefiting Pakistani textile manufacturers and providing US companies with access to competitively priced raw materials.
US Import Surge of Acrylic Filament Tow from Pakistan
Recent trade data indicates a 15% increase in US imports of acrylic filament tow under HS 5501.30.00 from Pakistan over the past quarter, driven by demand in the American textile sector for high-quality synthetic fibers.
2023-09-20
Impact: The surge in imports strengthens trade ties between the two nations, potentially leading to further investment in Pakistan's textile production capacity to meet US demand.
Quality Standards Compliance for Acrylic Filament Tow Exports
Pakistani exporters of acrylic filament tow (HS 5501.30.00) have aligned with US quality standards, ensuring compliance with specifications such as filament count and decitex requirements, boosting trust in trade relations.
2023-08-05
Impact: Compliance with US standards is likely to enhance market access for Pakistani exporters, fostering a stable supply chain for acrylic filament tow to the US market.
