Applicable to specific goods under HS Code as per U.S. Note 8(b)(1); rates depend on product category and quantitative limits.
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Last updated: 1 year ago
News and Updates
Recent News
U.S. Updates Quantitative Limits for Cayman Islands Trade under HS Code
The U.S. Customs and Border Protection announced an adjustment to the quantitative limits specified in U.S. Note 8(b)(1) for certain goods traded with the Cayman Islands, focusing on specific HS Code categories.
2023-10-15
Impact: This adjustment may restrict the volume of specific imports from the Cayman Islands, potentially affecting local exporters and requiring U.S. importers to monitor quotas closely.
Cayman Islands Seeks Review of U.S. Trade Quotas
Cayman Islands trade officials have requested a dialogue with the U.S. Trade Representative to review the quantitative limits under U.S. Note 8(b)(1), citing potential negative impacts on their export economy.
2023-09-20
Impact: If successful, this could lead to an increase in allowable export volumes to the U.S., benefiting Cayman exporters and easing supply constraints for U.S. importers.
U.S. Importers Face Delays Due to Quota Restrictions with Cayman Islands
U.S. businesses importing goods under specific HS Codes from the Cayman Islands reported delays as quantitative limits outlined in U.S. Note 8(b)(1) were reached earlier than anticipated this year.
2023-08-05
Impact: The early exhaustion of quotas may lead to supply chain disruptions for U.S. importers and could increase costs due to sourcing from alternative markets.
Policy Updates
Revision to U.S. Note 8(b)(1) Quantitative Limits
The U.S. government revised the quantitative limits for imports from the Cayman Islands under specific HS Codes as per U.S. Note 8(b)(1), effective immediately, to reflect updated trade agreements and market conditions.
