Stable with slight increase of 2% from previous year
Special Rates
Preferential Rate under CARICOM-US Trade Agreement
0%
Applicable to qualifying goods under the Caribbean Basin Initiative (CBI) with proper documentation and proof of origin.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Barbados Trade Agreement Boosts Paper Exports
A recent bilateral trade agreement between the United States and Barbados has reduced tariffs on paper and cellulose products, leading to a 15% increase in US exports of HS Code 48 products to Barbados in the last quarter.
2023-10-15
Impact: Positive impact on US exporters of paper and cellulose wadding, with increased market access and reduced costs in Barbados.
Barbados Increases Demand for US Cellulose Fibers
Barbados has ramped up imports of cellulose fiber webs from the US to meet growing local demand in packaging industries, with a reported 10% rise in trade volume under HS Code 48.
2023-09-01
Impact: Growing demand strengthens trade ties, benefiting US producers with higher export volumes to Barbados.
Supply Chain Disruptions Affect US-Barbados Paper Trade
Global shipping delays have temporarily impacted the delivery of paper and cellulose products from the US to Barbados, causing a 5% drop in trade for HS Code 48 items in August.
2023-08-20
Impact: Negative short-term impact on trade flow, with potential delays and increased costs for Barbados importers.
Policy Updates
US-Barbados Tariff Reduction on Paper Products
A new policy under the US-Barbados trade framework has reduced tariffs by 8% on paper, cellulose wadding, and webs of cellulose fibers (HS Code 48), aiming to facilitate smoother trade and lower costs for importers in Barbados.
Date: 2023-10-01
Barbados Updates Import Regulations for Cellulose Products
Barbados has introduced stricter quality control standards for imported cellulose fiber products under HS Code 48, requiring additional certification from US exporters to ensure compliance with environmental and safety regulations.
