US-Romania Trade Agreement Boosts Textile Exports
A new bilateral trade agreement between the United States and Romania has reduced tariffs on specific textile categories, including fabrics measuring less than 77 cm in width with more than 47 warp yarns per cm (HS Code: 5112.11.30), used in necktie manufacturing. This is expected to increase exports from Romania to the US.
2023-10-15
Impact: Positive impact on Romanian exporters, likely increasing trade volume of specialized fabrics for neckties to the US market due to reduced costs.
US Importers Seek Romanian Fabrics for Necktie Production
US-based necktie manufacturers have shown increased interest in Romanian fabrics under HS Code 5112.11.30, citing high quality and competitive pricing. Trade shows in Bucharest facilitated new contracts.
2023-09-22
Impact: Potential growth in trade as US demand for Romanian fabrics rises, strengthening economic ties in the textile sector.
Romania Enhances Textile Production Capacity
Romanian textile producers have invested in modern weaving technologies to meet international standards for fabrics under HS Code 5112.11.30, targeting the US market for necktie manufacturing materials.
2023-08-10
Impact: Increased production capacity may lead to higher exports to the US, though competition with other suppliers could affect pricing.
