US-NZ Trade Agreement Boosts Aquatic Invertebrate Exports
A new bilateral trade agreement between the United States and New Zealand has reduced tariffs on aquatic invertebrates (HS Code 0308), facilitating increased exports of live, fresh, and frozen products from New Zealand to the US.
2023-10-15
Impact: This agreement is expected to increase trade volume by 15% annually for aquatic invertebrates other than crustaceans and molluscs, benefiting New Zealand exporters with better market access.
New Zealand Imposes Stricter Quality Standards on Aquatic Invertebrates
New Zealand has introduced rigorous quality and safety standards for aquatic invertebrates exported to the US, focusing on live and chilled products under HS Code 0308 to ensure compliance with international health regulations.
2023-09-20
Impact: While this may temporarily slow exports due to compliance costs, it is likely to strengthen consumer confidence in New Zealand products in the US market over the long term.
US Retailers Show Growing Interest in NZ Sea Urchins
American retailers have reported a surge in demand for New Zealand sea urchins (under HS Code 0308), particularly in the chilled and frozen categories, driven by rising popularity in gourmet cuisine.
2023-08-05
Impact: This trend is expected to boost export revenues for New Zealand producers by approximately 10% in the next quarter, encouraging further investment in this niche market.
