Applicable under the Caribbean Basin Initiative (CBI) for goods originating from the United States.
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Last updated: 1 year ago
News and Updates
Recent News
Rare Gases Trade Agreement Signed Between US and Aruba
A new bilateral trade agreement focusing on rare gases, excluding argon, was signed between the United States and Aruba to facilitate smoother export and import processes.
2023-10-15
Impact: This agreement is expected to increase the volume of rare gases traded between the two regions by reducing tariffs and streamlining customs procedures.
US Increases Export of Neon and Krypton to Aruba
The United States reported a 15% increase in the export of neon and krypton to Aruba in the third quarter of 2023, driven by growing industrial demand.
2023-09-22
Impact: This surge may strengthen economic ties but could strain US domestic supply if demand continues to rise without increased production.
Aruba Implements New Quality Standards for Imported Rare Gases
Aruba introduced stricter quality control measures for imported rare gases from the United States to ensure safety and compliance with industrial standards.
2023-08-10
Impact: US exporters may face higher compliance costs and potential delays, which could temporarily reduce trade volume until standards are met.
Policy Updates
US-Aruba Rare Gases Tariff Reduction
A policy update under the new trade agreement reduces tariffs by 10% on rare gases (HS 2804.29.00) exported from the US to Aruba, effective immediately.
Date: 2023-10-01
Aruba Updates Import Licensing for Rare Gases
Aruba has revised its import licensing requirements for rare gases, mandating pre-approval for shipments to ensure environmental and safety compliance.
