Preferential Rate under CARICOM-US Trade Agreements
0%
Applicable to qualifying goods under the Caribbean Basin Initiative (CBI) if accompanied by proper documentation and certificate of origin.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
New Import License Requirements for Specific Goods from Barbados
The U.S. Department of Commerce announced that certain articles under specific HS Codes now require import licenses when sourced from Barbados, aiming to monitor trade flows more effectively.
2023-10-15
Impact: This could lead to delays in customs clearance and increased compliance costs for U.S. importers dealing with Barbados.
Barbados Updates Export Regulations Affecting U.S. Trade
Barbados has revised its export licensing for select articles, impacting U.S. importers who must now align with dual licensing requirements for specific HS-coded goods.
2023-09-22
Impact: Potential disruptions in supply chains for U.S. businesses as they adapt to Barbados’ new export licensing rules.
Bilateral discussions between the U.S. and Barbados focused on streamlining import license procedures for restricted HS-coded articles to facilitate smoother trade.
2023-08-30
Impact: Possible reduction in bureaucratic hurdles, potentially benefiting U.S. importers with faster processing times.
Policy Updates
U.S. Import License Mandate for Barbados Goods
The U.S. has implemented a new policy requiring import licenses for specific articles under designated HS Codes from Barbados, effective immediately, to ensure compliance with trade security standards.
Date: 2023-10-10
Barbados Export License Policy Revision
Barbados updated its export licensing framework, mandating additional documentation for certain HS-coded articles destined for the U.S., aiming to enhance trade transparency.
