U.S.-New Zealand Trade Agreement Boosts Backpack Imports
A recent trade agreement between the United States and New Zealand has reduced tariffs on specific categories of backpacks, including those with padded laptop compartments and animal-shaped hard plastic shells (HS 4202.92.31). This has led to a 15% increase in imports from New Zealand to the U.S. in the last quarter.
2023-10-15
Impact: Positive impact on trade, with lower tariffs encouraging higher import volumes and potentially reducing consumer prices in the U.S.
New Zealand Backpack Manufacturers Target U.S. Market
New Zealand-based manufacturers of specialty backpacks with animal designs and laptop compartments have ramped up production to meet growing U.S. demand, supported by favorable trade conditions and niche market appeal.
2023-09-22
Impact: Increased export potential for New Zealand manufacturers, strengthening bilateral trade ties in niche product categories.
U.S. Retailers Report Surge in Animal-Themed Backpack Sales
U.S. retailers have noted a spike in sales of backpacks featuring animal-shaped plastic shells imported from New Zealand, driven by back-to-school demand and unique design appeal under HS 4202.92.31.
2023-08-10
Impact: Growing consumer interest could drive further imports, benefiting New Zealand exporters and U.S. retailers.
