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Other vehicles, with both spark-ignition internal combustion piston engine and electric motor as motors for propulsion, capable of being charged by plugging to external source of electric power
United States to Belize Trade Analysis
for Other vehicles, with both spark-ignition internal combustion piston engine and electric motor as motors for propulsion, capable of being charged by plugging to external source of electric power
Detailed tariff information for Other vehicles, with both spark-ignition internal combustion piston engine and electric motor as motors for propulsion, capable of being charged by plugging to external source of electric power imports
Other vehicles, with both spark-ignition internal combustion piston engine and electric motor as motors for propulsion, capable of being charged by plugging to external source of electric power Tariff Rate
Increasing due to demand for eco-friendly vehicles
Special Rates
CARICOM Preferential Rate
0%
Applicable if imported from a CARICOM member state under the Revised Treaty of Chaguaramas; not applicable for imports from the United States.
Environmental Incentive
10%
Reduced rate for hybrid and electric vehicles meeting specific environmental standards as defined by Belize Ministry of Environment.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
Increase in Hybrid Vehicle Exports from US to Belize
Recent trade data indicates a 20% increase in exports of plug-in hybrid vehicles (HS Code: 8703.80) from the United States to Belize in the third quarter of 2023, driven by growing demand for eco-friendly transportation options in Belize.
2023-10-15
Impact: This surge is expected to strengthen trade ties and encourage further investment in sustainable vehicle technologies between the two nations.
Belizean Demand for US-Made Plug-In Hybrids Rises Amid Fuel Costs
Rising fuel costs in Belize have led to a spike in imports of plug-in hybrid vehicles with both spark-ignition internal combustion engines and electric motors (HS Code: 8703.80) from the United States, with a reported 15% growth in the first half of 2023.
2023-09-05
Impact: This trend may lead to increased bilateral trade agreements focusing on green technology and could influence US manufacturers to target Belizean markets more aggressively.
A trade fair held in Belize City highlighted US-manufactured plug-in hybrid vehicles (HS Code: 8703.80), fostering partnerships between American exporters and Belizean importers to promote sustainable transport solutions.
2023-08-20
Impact: The event is likely to boost trade volumes in this category and may lead to long-term contracts, enhancing economic cooperation.
Policy Updates
Belize Reduces Import Tariffs on Hybrid Vehicles
The Belizean government announced a reduction in import tariffs by 10% on plug-in hybrid vehicles (HS Code: 8703.80) to encourage the adoption of environmentally friendly transportation options, effective from July 2023.
Date: 2023-07-01
US Updates Export Incentives for Green Vehicles to Belize
The US Department of Commerce introduced new export incentives for manufacturers of plug-in hybrid vehicles (HS Code: 8703.80) targeting markets like Belize, including tax credits and streamlined export processes, to promote sustainable trade.
