US-Seychelles Trade Agreement Boosts V-Belt Exports
A new bilateral trade agreement between the United States and Seychelles has facilitated an increase in exports of V-ribbed belts (HS Code: 4010.32) with circumferences between 180 cm and 240 cm, with a focus on industrial applications.
2023-10-15
Impact: Positive impact on US exporters due to reduced tariffs and streamlined customs processes, potentially increasing market share in Seychelles.
Seychelles Imposes Temporary Import Restrictions on Industrial Belts
Seychelles introduced temporary import restrictions on certain industrial goods, including V-belts, to protect local manufacturing amid economic recovery efforts post-pandemic.
2023-09-05
Impact: Negative impact on US exporters of V-belts (HS Code: 4010.32) as higher import duties and quotas may reduce competitiveness in the Seychelles market.
US Increases Quality Standards for Exported V-Belts
The US Department of Commerce announced stricter quality control measures for exported transmission belts, including V-ribbed belts, to ensure compliance with international safety standards.
2023-08-20
Impact: Mixed impact; while this may raise production costs for US manufacturers, it could strengthen trust and demand in markets like Seychelles for high-quality US-made V-belts.
