A recent bilateral trade agreement between the US and Netherlands has reduced tariffs on knit-to-shape articles under HS Code 6110 (related to statistical note 6, Chapter 63). This has led to a 15% increase in exports of these articles from the Netherlands to the US in the last quarter.
2023-10-15
Impact: Positive impact on trade with increased export volume and reduced costs for US importers of knit-to-shape apparel from the Netherlands.
Netherlands Implements Stricter Quality Standards for Knit-to-Shape Exports
The Dutch government introduced new quality control measures for knit-to-shape articles to ensure compliance with international standards. This has temporarily slowed export processes to the US as manufacturers adapt to the regulations.
2023-09-01
Impact: Short-term negative impact due to delays in shipments, but long-term benefits expected from improved product quality and consumer trust.
US Retailers Report Surge in Demand for Dutch Knit-to-Shape Apparel
Major US retailers have noted a growing consumer preference for high-quality knit-to-shape articles from the Netherlands, driving a 10% increase in import orders under HS Code 6110 in the past six months.
2023-08-20
Impact: Positive impact on trade with higher demand leading to increased import volumes from the Netherlands to the US.
Policy Updates
US Tariff Reduction on Knit-to-Shape Articles from EU Countries
The US Trade Representative announced a tariff reduction of 2% on knit-to-shape articles (HS Code 6110) imported from EU countries, including the Netherlands, as part of a broader trade facilitation agreement. This policy aims to strengthen economic ties and reduce costs for US consumers.
Date: 2023-10-10
Netherlands Updates Export Certification for Textile Products
The Netherlands introduced a mandatory certification process for textile exports, including knit-to-shape articles under HS Code 6110, to ensure compliance with environmental and labor standards. This may increase administrative costs for exporters to the US.
