US-NZ Trade Agreement Boosts Papermaking Equipment Exports
A recent bilateral trade agreement between the United States and New Zealand has reduced tariffs on industrial equipment, including Fourdrinier wires (HS Code: 59113100) used in papermaking machines. This is expected to increase exports of seamed and non-seamed wires with fewer than 94 or more wires per lineal centimeter from the US to NZ.
2023-10-15
Impact: Positive impact on US exporters due to lower tariffs, potentially increasing market share in New Zealand's papermaking industry.
New Zealand Increases Demand for Specialized Papermaking Wires
New Zealand's growing paper production sector has led to a surge in demand for Fourdrinier wires, both seamed and non-seamed, fitting the specified HS Code criteria. US suppliers are positioned to meet this demand with competitive pricing.
2023-09-22
Impact: Increased export opportunities for US manufacturers, though competition from Asian suppliers may pose challenges.
US Exporters Face Logistics Delays in Shipments to New Zealand
Ongoing global supply chain disruptions have delayed shipments of papermaking machine components, including Fourdrinier wires under HS Code 59113100, from the US to New Zealand, affecting delivery timelines for key industrial clients.
2023-08-30
Impact: Negative short-term impact on trade due to delays, potentially leading to temporary reliance on alternative suppliers.
