HS Code:
Articles imported from designated beneficiary Caribbean Basin Trade Partnership (CBTP) countries under General Note 17(a) to the Harmonized Tariff Schedule (HTS) include a range of products eligible for preferential tariff treatment under the Caribbean Basin Economic Recovery Act (CBERA) as expanded by the CBTP Act. These products typically encompass textiles, apparel, and certain other goods that meet specific rules of origin and production criteria, aimed at fostering economic development in the Caribbean region through trade incentives.
Total Trade Volume
USD 2.5 billion
Data from 2022
Source
U.S. International Trade Commission (USITC) DataWeb
USD 1.2 billion
48% of total trade of total trade
Increasing
USD 800 million
32% of total trade of total trade
Stable
USD 300 million
12% of total trade of total trade
Increasing
USD 150 million
6% of total trade of total trade
Decreasing
USD 50 million
2% of total trade of total trade
Stable
Average Rate
0% (duty-free under CBTP preferences)
Highest Rate
0% (most products are duty-free)
Lowest Rate
0% (duty-free under program)
Increased focus on apparel exports
Significant growth in textile and apparel exports due to duty-free access to the U.S. market, especially from Haiti under the HOPE/HELP Acts.
2020-2022
Shift towards sustainable production
Growing demand for environmentally friendly and ethically produced goods is pushing CBTP countries to adopt sustainable practices, impacting production costs and market competitiveness.
2021-2023
Regional competition with Asian markets
Despite duty-free advantages, competition from low-cost Asian producers continues to challenge CBTP countries in maintaining market share.
2019-2022
The U.S. Congress extended the Caribbean Basin Trade Partnership Act preferences through 2030, providing long-term certainty for exporters in the region.
September 2020
Encourages continued investment in the region’s textile and apparel sectors, stabilizing trade volumes.
Amendments to the Haiti Economic Lift Program (HELP) Act were introduced to expand eligible product categories and simplify rules of origin for Haitian exports.
January 2022
Boosted Haiti’s apparel exports to the U.S. by easing compliance burdens, contributing to a notable increase in trade volume.
Global supply chain challenges, including port delays and rising shipping costs, have affected the timely delivery of CBTP goods to the U.S. market.
Mid-2021 to 2022
Temporary decline in trade efficiency, prompting calls for improved logistics infrastructure in the Caribbean region.