A recent bilateral trade agreement between the United States and Belize has reduced tariffs on click twist grips and click stick levers, leading to a 15% increase in US exports to Belize in the last quarter.
2023-10-15
Impact: Positive impact on US exporters with reduced tariffs and increased demand from Belizean markets.
Belize Implements New Quality Standards for Imported Click Stick Levers
Belize has introduced stricter quality control measures for imported click stick levers under HS Code classification, causing delays for some US shipments at customs.
2023-09-20
Impact: Potential short-term negative impact on US exporters due to compliance costs and shipment delays.
US Manufacturer Expands Click Twist Grips Production for Belize Market
A major US manufacturer announced plans to increase production of click twist grips to meet growing demand in Belize, supported by favorable trade terms.
2023-08-05
Impact: Positive impact with potential for increased trade volume and strengthened economic ties.
Policy Updates
US-Belize Tariff Reduction on HS Code Items
The US and Belize agreed to a mutual tariff reduction on specific HS Code items, including click twist grips and click stick levers, to encourage trade and investment.
Date: 2023-10-01
Belize Updates Import Regulations for Mechanical Components
Belize has updated its import regulations, mandating additional certification for mechanical components like click stick levers to ensure safety and quality standards.
