Additional fees may apply for vehicles exceeding certain engine capacity (e.g., over 2000cc) or value thresholds.
Additional Information
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Last updated: 1 year ago
News and Updates
Recent News
US-Bermuda Trade Agreement Boosts Motor Vehicle Exports
A recent trade agreement between the United States and Bermuda has reduced tariffs on motor vehicles (HS Code 8703) exported from the US to Bermuda, leading to a 15% increase in shipments of passenger cars in the last quarter.
2023-10-15
Impact: Positive impact on US exporters, with increased demand for American-made vehicles in Bermuda due to lower costs for Bermudian importers.
Bermuda Implements Stricter Emission Standards for Imported Vehicles
Bermuda has introduced new emission regulations for imported motor vehicles, affecting US exports under HS Code 8703. Some older US models may no longer meet the criteria for import.
2023-09-01
Impact: Potential negative impact on US exporters of older vehicle models; manufacturers may need to adapt to meet Bermuda’s environmental standards.
US-Bermuda Shipping Delays Impact Vehicle Trade
Logistical challenges and port delays in Bermuda have slowed the delivery of motor vehicles from the US, causing a backlog of passenger car imports under HS Code 8703.
2023-08-20
Impact: Temporary negative impact on trade flow, with potential revenue losses for US exporters and increased costs for Bermudian buyers due to delays.
Policy Updates
Bermuda Reduces Import Duty on Electric Vehicles
Bermuda has lowered import duties on electric and hybrid vehicles (HS Code 8703) from the US by 10% to encourage sustainable transportation. This policy aims to increase the adoption of eco-friendly vehicles on the island.
Date: 2023-10-01
US Updates Export Compliance for Bermuda Vehicle Trade
The US Department of Commerce has updated export compliance requirements for motor vehicles (HS Code 8703) to Bermuda, mandating additional documentation to ensure adherence to safety and environmental standards.
