Stable with minor fluctuations over the past 3 years
Special Rates
Preferential Rate under CARICOM-US Trade Agreements
0%
Applicable to qualifying goods under the Caribbean Basin Initiative (CBI) if accompanied by a certificate of origin and meeting specific rules of origin criteria.
A new bilateral trade agreement between the United States and Belize has facilitated an increase in the export of pulps of fibers derived from recovered paper or paperboard (HS Code: 4706) from Belize to the US, with a reported 20% rise in shipments this quarter.
2023-10-15
Impact: This agreement is expected to strengthen supply chains for recycled paper products in the US, potentially lowering costs for manufacturers while increasing revenue for Belizean exporters.
US Imposes Temporary Quota on Belizean Pulp Fiber Imports
The US Department of Commerce introduced a temporary quota on imports of pulp fibers (HS Code: 4706) from Belize to address domestic market saturation concerns raised by US producers.
2023-09-01
Impact: The quota may restrict Belizean exports in the short term, potentially causing a backlog of supply in Belize and affecting local producers' income.
Belize Expands Recycling Infrastructure for Pulp Fiber Exports
Belize announced investments in recycling facilities to increase the production of pulps of fibers from recovered paper, targeting the US market under HS Code 4706, with an expected output increase of 15% by next year.
2023-08-10
Impact: This development could lead to a higher volume of exports to the US, enhancing trade ties but potentially increasing competition with US domestic suppliers.
Policy Updates
US Tariff Adjustment on HS Code 4706 Imports
The US International Trade Commission announced a slight reduction in tariffs on pulps of fibers derived from recovered paper or paperboard (HS Code: 4706) from Belize, aiming to balance trade relations and support recycling initiatives.
Date: 2023-09-15
Belize Updates Export Certification for Pulp Fibers
Belize introduced new certification requirements for exporters of pulp fibers under HS Code 4706 to ensure compliance with international environmental standards, which may affect shipment timelines to the US.
