US-Sri Lanka Trade Agreement Boosts Cutlery Exports
A recent bilateral trade agreement between the United States and Sri Lanka has reduced tariffs on various goods, including sets of knives, forks, spoons, and ladles under HS Code 8215. Sri Lankan exporters are seeing a surge in demand from US markets.
2023-10-15
Impact: Positive impact with increased export potential for Sri Lankan cutlery manufacturers due to lower tariffs and improved market access.
Sri Lankan Cutlery Industry Faces US Quality Standards
US importers have raised concerns over compliance with quality and safety standards for cutlery sets (HS Code 8215) imported from Sri Lanka, leading to temporary delays in shipments at US ports.
2023-09-22
Impact: Negative short-term impact due to shipment delays, potentially affecting Sri Lankan exporters' reputation and trade volume.
US Increases Import of Sri Lankan Kitchenware
The US reported a 12% increase in imports of kitchenware, including cutlery sets under HS Code 8215, from Sri Lanka in Q2 2023, driven by competitive pricing and growing consumer demand.
2023-08-10
Impact: Positive impact with higher trade volumes and strengthened economic ties between the two countries.
