Stable with slight increase of 2% compared to 2021
Special Rates
Preferential Rate
0%
Applicable under specific trade agreements or for qualifying goods under temporary import provisions.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Bermuda Trade Agreement Expands Access for Open Containers
A new bilateral trade agreement between the United States and Bermuda has reduced tariffs on open containers with non-removable sides exceeding 60 cm in height (HS Code: 7310.29), facilitating smoother trade flows.
2023-10-15
Impact: This agreement is expected to increase export volumes from the US to Bermuda, benefiting US manufacturers of industrial containers while providing Bermuda with more cost-effective access to these goods.
Bermuda Imposes New Inspection Standards for US Container Imports
Bermuda's customs authority introduced stricter inspection protocols for imported open containers from the US under HS Code 7310.29, citing safety and quality concerns.
2023-09-20
Impact: US exporters may face delays and additional compliance costs, potentially reducing trade efficiency in the short term until processes are streamlined.
US Exporters Report Surge in Demand for Open Containers in Bermuda
US exporters of open containers with non-removable sides (HS Code: 7310.29) have noted a significant uptick in demand from Bermuda, driven by infrastructure development projects.
2023-08-05
Impact: This surge is likely to boost US export revenues, though supply chain constraints could limit the ability to meet demand without increased production capacity.
Policy Updates
US-Bermuda Tariff Reduction on Industrial Containers
The US and Bermuda finalized a tariff reduction policy for goods under HS Code 7310.29, lowering duties by 15% to promote trade in open containers with non-removable sides exceeding 60 cm in height.
Date: 2023-10-10
Bermuda Updates Import Regulations for Metal Containers
Bermuda revised its import regulations, mandating additional safety certifications for metal containers (HS Code: 7310.29) imported from the US to ensure compliance with local standards.
