Unavailable for specific HS Code category (general machinery/tools assumed)
Year
2022
Trend
Stable trade flow between US and Cayman Islands for industrial goods
Special Rates
Preferential Rate
0%
Applicable under specific trade agreements or for goods meeting origin criteria under CARICOM (if applicable); requires documentation.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Cayman Islands Trade Agreement on Steel Products
A new bilateral agreement has been signed to facilitate the trade of steel products with a maximum cross-sectional dimension over 9.5 mm (HS Code: 7216.31) between the United States and the Cayman Islands, reducing tariffs by 15%.
2023-10-15
Impact: This agreement is expected to increase the export volume of steel products from the US to the Cayman Islands, benefiting US manufacturers and potentially lowering construction costs in the Cayman Islands.
Cayman Islands Imposes Quality Standards on US Steel Imports
The Cayman Islands has introduced stricter quality control measures for imported steel products over 9.5 mm in cross-sectional dimension, affecting US exporters under HS Code 7216.31.
2023-09-20
Impact: US exporters may face increased compliance costs and delays in shipments, potentially reducing trade volume in the short term unless quality certifications are streamlined.
US Steel Exports to Cayman Islands Hit Record High
Recent trade data shows a 20% increase in US exports of steel products with a cross-sectional dimension over 9.5 mm (HS Code: 7216.31) to the Cayman Islands, driven by infrastructure projects.
2023-08-05
Impact: This surge strengthens trade ties and supports US steel industry jobs, while meeting growing demand for construction materials in the Cayman Islands.
Policy Updates
US Tariff Reduction on Steel Exports to Cayman Islands
The US Department of Commerce announced a temporary reduction in tariffs on steel products under HS Code 7216.31 exported to the Cayman Islands, effective from October 15, 2023, to encourage trade partnerships.
Date: 2023-10-10
Cayman Islands Import Regulation Update
The Cayman Islands government updated import regulations for steel products over 9.5 mm in cross-sectional dimension (HS Code: 7216.31), mandating additional safety and quality certifications for all incoming shipments from the US.
