US-Netherlands Trade Agreement Boosts V-Belt Exports
A new bilateral trade agreement between the US and the Netherlands has reduced tariffs on industrial components, including endless transmission belts of trapezoidal cross-section (V-belts) under HS Code 4010.32. This has led to a 15% increase in V-belt exports from the US to the Netherlands in the last quarter.
2023-10-15
Impact: Positive impact on trade with increased export volumes and reduced costs for Dutch importers.
Netherlands Increases Demand for US-Made V-Belts
Dutch manufacturing sectors, particularly in agriculture and automotive industries, have ramped up demand for US-made V-belts (HS Code 4010.32) due to their durability and compliance with EU standards, resulting in a 10% spike in imports over the past six months.
2023-09-20
Impact: Strengthens US export market share in the Netherlands, encouraging further investment in production.
Supply Chain Disruptions Affect V-Belt Trade Between US and Netherlands
Recent global shipping delays have impacted the timely delivery of V-belts (HS Code 4010.32) from the US to the Netherlands, causing a temporary 5% drop in trade volume as Dutch buyers seek alternative suppliers.
2023-08-05
Impact: Negative short-term impact on trade, with potential loss of market share if disruptions persist.
