US-Norway Trade Agreement Boosts Time Switch Exports
A new bilateral trade agreement between the United States and Norway has reduced tariffs on time switches with clock or watch movement (HS Code: 9107.00), leading to a 15% increase in US exports to Norway in the last quarter.
2023-10-15
Impact: Positive impact on US exporters due to reduced tariffs, potentially increasing market share in Norway.
Norway Implements Stricter Import Standards for Time Switches
Norway has introduced new quality and safety standards for imported time switches (HS Code: 9107.00), affecting US manufacturers who must now comply with additional certification requirements.
2023-09-02
Impact: Potential short-term trade disruptions for US exporters as they adapt to new compliance requirements, increasing costs.
US-Norway Trade Talks Focus on Tech Component Tariffs
Recent trade discussions between the US and Norway highlighted concerns over tariffs on tech components, including time switches with synchronous motors (HS Code: 9107.00), with both sides aiming for tariff reductions by Q1 2024.
2023-08-10
Impact: Possible future reduction in trade barriers, which could enhance bilateral trade volume for this product category.
