U.S.-Norway Trade Agreement Boosts Small Engine Exports
A new bilateral trade agreement between the United States and Norway has reduced tariffs on engines with not more than 4 cylinders (HS Code: 8407.31-8407.34), facilitating increased exports from the U.S. to Norway.
2023-10-15
Impact: This agreement is expected to increase U.S. exports of small engines to Norway by 15% over the next year, benefiting American manufacturers.
Norway Imposes Stricter Emission Standards on Imported Engines
Norway has introduced new emission regulations for imported engines with 4 or fewer cylinders, aligning with its green energy goals, which may affect U.S. exporters.
2023-09-20
Impact: U.S. manufacturers may face higher compliance costs or need to adapt products to meet Norway's stringent environmental standards, potentially reducing short-term trade volume.
U.S. Engine Manufacturers Eye Norwegian Market Growth
Several U.S.-based small engine manufacturers have reported growing demand in Norway for engines with not more than 4 cylinders, driven by the country’s marine and agricultural sectors.
2023-08-05
Impact: This rising demand could lead to a 10% increase in trade volume for this category, provided logistical and tariff barriers remain low.
