US-Australia Trade Agreement Enhances Market Access for Packaged Goods
A new bilateral trade agreement between the US and Australia has reduced tariffs on packaged goods under HS Code for packings not exceeding 300 g, boosting export opportunities for small-packaged food and beverage products.
2023-10-15
Impact: This is expected to increase trade volume by 15% for small-packaged goods, benefiting exporters in both countries with reduced costs and improved market access.
Australian Exporters Face US Customs Delays for Packaged Products
Recent customs processing delays in the US have affected Australian exports of packaged goods (net weight not exceeding 300 g), causing supply chain disruptions for items under this HS category.
2023-09-22
Impact: Delays may lead to a temporary 10% reduction in Australian exports to the US in this category, impacting small businesses reliant on timely shipments.
US Increases Demand for Australian Health Supplements in Small Packings
A surge in US consumer demand for Australian health supplements packaged in units not exceeding 300 g has led to a spike in exports, with several Australian companies expanding production.
2023-08-30
Impact: Trade in this specific category is projected to grow by 20% year-over-year, strengthening economic ties and benefiting Australian producers.
