US-Belgium Trade Agreement Boosts Electrical Component Exports
A new bilateral trade agreement between the US and Belgium has reduced tariffs on electrical components, including those under HS codes 8535.90.40, 8536.30.40, and 8536.50.40, made of ceramic or metallic materials reactive to temperature changes.
2023-10-15
Impact: This agreement is expected to increase exports of temperature-reactive electrical components from the US to Belgium by 15% over the next year due to lower costs and improved market access.
Belgium Imposes New Quality Standards on Imported Electrical Components
Belgium has introduced stricter quality control measures for imported electrical components, including those under HS codes 8535.90.40, 8536.30.40, and 8536.50.40, to ensure safety and compliance with EU regulations.
2023-09-22
Impact: US exporters may face delays and increased compliance costs, potentially reducing trade volume in the short term until standards are met.
Supply Chain Disruptions Affect US-Belgium Trade of Temperature-Reactive Components
Ongoing global supply chain issues have led to a backlog of shipments of ceramic and metallic electrical components (HS codes 8535.90.40, 8536.30.40, 8536.50.40) between the US and Belgium.
2023-08-30
Impact: Trade volumes have temporarily decreased by 10% due to delays, with recovery expected as logistics stabilize in the coming months.
