US Increases Import of Carboxylic Acid Derivatives from Pakistan
Recent trade data shows a 12% increase in the import of carboxylic acids with aldehyde or ketone function (HS Code: 2918.30) from Pakistan to the United States in the third quarter of 2023, driven by demand in the pharmaceutical sector.
2023-10-15
Impact: This surge is likely to strengthen trade ties and encourage Pakistani exporters to scale production, though it may face scrutiny under US tariff reviews.
Pakistan Seeks to Expand Chemical Exports to the US
Pakistan's Ministry of Commerce announced initiatives to boost exports of specialized chemicals, including carboxylic acid derivatives, to the US market, focusing on compliance with international quality standards.
2023-09-20
Impact: This could lead to a steady rise in exports to the US, provided Pakistani manufacturers meet regulatory requirements and navigate potential trade barriers.
US-Pakistan Trade Talks Highlight Chemical Sector
During a recent bilateral trade discussion, both countries emphasized the potential for growth in niche chemical products like carboxylic acids and derivatives, with a focus on reducing trade imbalances.
2023-08-05
Impact: Positive dialogue may result in favorable trade agreements, potentially lowering tariffs and increasing market access for Pakistani chemical exports to the US.
