US-New Zealand Trade Agreement Boosts Friction Material Exports
A recent bilateral trade agreement between the United States and New Zealand has reduced tariffs on friction materials (HS Code 6813), including brake pads and clutch components, facilitating increased exports from the US to New Zealand.
2023-10-15
Impact: This agreement is expected to increase US exports of friction materials to New Zealand by 15% over the next year, strengthening trade ties and benefiting US manufacturers.
New Zealand Imposes Stricter Standards on Asbestos-Based Friction Materials
New Zealand has introduced new regulations banning the import of asbestos-based friction materials (HS Code 6813) due to health and environmental concerns, affecting US exporters who still produce such items.
2023-09-20
Impact: US companies relying on asbestos-based products may face a decline in exports to New Zealand, pushing manufacturers to pivot toward alternative materials like cellulose or other mineral substances.
US Friction Material Suppliers Eye New Zealand Market Growth
US suppliers of non-asbestos friction materials (HS Code 6813) are targeting New Zealand’s automotive sector, capitalizing on the country’s demand for eco-friendly brake and clutch components.
2023-08-05
Impact: This trend could lead to a 10% growth in US exports of non-asbestos friction materials to New Zealand, as demand for sustainable products rises.