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Global Tariffs, Categorized
🇺🇸 United States
🇧🇧 Barbados
📦 Automatic data processing machines and units thereof; magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included
🇺🇸 → 🇧🇧

United States to Barbados Trade Analysis for Automatic data processing machines and units thereof; magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included

Detailed tariff information for Automatic data processing machines and units thereof; magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included imports

Automatic data processing machines and units thereof; magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included Tariff Rate

HS Code:

0%
Effective January 1, 2023
View general trade relationship between United States and Barbados

Trade Volume

Value
USD 5.2 million
Year
2022
Trend
Increasing by 8% compared to 2021

Special Rates

CARICOM Preferential Rate
0%
Applicable under the CARICOM-US trade agreements or specific bilateral arrangements, subject to rules of origin and documentation.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Barbados Tech Trade Agreement Boosts Data Processing Equipment Exports
A recent bilateral agreement between the United States and Barbados has facilitated an increase in exports of automatic data processing machines (HS Code 8471) from the US to Barbados, focusing on enhancing digital infrastructure.
2023-10-15
Impact: This agreement is expected to increase trade volume in data processing equipment by 15% annually, strengthening economic ties and supporting Barbados' digital transformation initiatives.
Barbados Imposes New Import Standards for Data Processing Units
Barbados introduced stricter quality and safety standards for imported automatic data processing machines and units, affecting US exporters under HS Code 8471.
2023-09-22
Impact: US exporters may face delays and additional compliance costs, potentially reducing short-term trade volume until adjustments are made.
US Tech Firms Eye Barbados for Data Processing Equipment Market Expansion
Several US-based technology firms have expressed interest in expanding their market for data processing machines and magnetic readers in Barbados, driven by growing demand for IT infrastructure.
2023-08-30
Impact: This could lead to a significant uptick in trade under HS Code 8471, fostering partnerships and increasing US exports to Barbados over the next few years.
Policy Updates
US-Barbados Trade Facilitation Agreement on Tech Goods
A new policy under the US-Barbados trade framework reduces tariffs by 5% on automatic data processing machines (HS Code 8471) and related units, aiming to promote technology exchange and economic cooperation.
Date: 2023-10-10
Barbados Updates Import Regulations for Data Processing Equipment
Barbados has implemented updated import regulations requiring certification of energy efficiency and data security for all data processing machines and units (HS Code 8471) entering the country, impacting US exporters.
Date: 2023-09-20