US-Namibia Trade Agreement Boosts Industrial Belt Exports
A new trade agreement between the United States and Namibia has facilitated an increase in exports of endless transmission belts (V-belts) under HS Code 4010.32, with a reported 20% rise in shipments of belts with circumferences between 60 cm and 180 cm.
2023-10-15
Impact: This agreement is expected to strengthen bilateral trade ties, reduce tariffs, and increase demand for US-manufactured V-belts in Namibian industrial sectors.
Namibian Import Surge for US V-Belts Amid Mining Sector Growth
Namibia's expanding mining industry has driven a spike in imports of US-made endless transmission belts (HS Code 4010.32), with a focus on V-belts of specific circumferences (60-180 cm) for heavy machinery.
2023-09-05
Impact: The growing demand could lead to long-term contracts for US suppliers, though supply chain delays may pose short-term challenges.
US Exporters Face Logistics Hurdles in Namibia V-Belt Market
US exporters of endless transmission V-belts (HS Code 4010.32) have encountered logistical challenges in delivering products to Namibia, impacting the timely supply of belts with circumferences of 60-180 cm.
2023-08-20
Impact: Delays may temporarily reduce US market share in Namibia, prompting exporters to seek alternative shipping routes or local partnerships.
