Stable with slight annual growth of 2-3% due to demand for US goods
Special Rates
Product-Specific Rate
0% - 30%
Rates depend on the specific HS Code and product category under import licensing; exemptions or reduced rates may apply for essential goods or under specific agreements.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S. Updates Import License Requirements for Specific Articles from Cayman Islands
The U.S. Department of Commerce announced revised import licensing requirements for certain articles under specific HS Codes from the Cayman Islands, aiming to enhance regulatory oversight.
2023-10-15
Impact: This could lead to delays in imports and increased compliance costs for businesses trading these articles between the U.S. and Cayman Islands.
Cayman Islands Exporters Face New U.S. Licensing Hurdles
Exporters in the Cayman Islands report challenges in meeting new U.S. import license requirements for articles under restricted HS Codes, impacting trade flows.
2023-09-20
Impact: Trade volume for affected articles may decrease temporarily as exporters adapt to the new licensing process.
U.S. and Cayman Islands Discuss Trade Barriers on Licensed Articles
Bilateral talks between U.S. and Cayman Islands officials addressed concerns over import licensing requirements for specific HS Code articles, seeking to streamline processes.
2023-08-05
Impact: Potential for reduced trade barriers if agreements are reached, possibly increasing trade efficiency for licensed articles.
Policy Updates
U.S. Import License Policy Revision for Cayman Islands Goods
The U.S. has revised its import licensing policy, mandating stricter documentation for articles under specific HS Codes from the Cayman Islands to ensure compliance with trade regulations.
Date: 2023-10-10
Cayman Islands Response to U.S. Licensing Requirements
The Cayman Islands government issued a statement outlining support for exporters to meet new U.S. import licensing requirements for restricted HS Code articles, including training programs.
