Increasing (driven by agricultural and industrial goods under CAFTA-DR)
Special Rates
Safeguard Tariff
Variable (Safeguard Measures)
Applicable if import value or volume exceeds safeguard thresholds during the effective period as per CAFTA-DR provisions. Specific rates depend on product category and trigger levels.
Recent reports highlight the continued enforcement of safeguard measures on specific HS Code products between the U.S. and Costa Rica under the CAFTA-DR agreement. Discussions focused on balancing trade fairness while protecting domestic industries.
October 15, 2023
Impact: These safeguards may temporarily limit imports of certain goods from Costa Rica to the U.S., potentially affecting exporters but protecting U.S. producers.
Costa Rica Appeals U.S. Safeguard Tariffs on Key Exports
Costa Rica has raised concerns over U.S.-imposed safeguard tariffs on products within specific HS Codes, citing potential disruptions to bilateral trade under CAFTA-DR.
September 20, 2023
Impact: This could lead to negotiations or disputes, potentially impacting the flow of affected goods and increasing costs for Costa Rican exporters.
U.S. Reviews Safeguard Measures on Costa Rican Imports
The U.S. International Trade Commission is reviewing the effectiveness of safeguard measures applied to certain HS Code products from Costa Rica, with a focus on market impact.
August 5, 2023
Impact: Depending on the review outcome, trade restrictions could be adjusted, affecting import volumes and pricing for Costa Rican goods in the U.S. market.
Policy Updates
Extension of Safeguard Measures under CAFTA-DR
The U.S. has extended safeguard measures on specific HS Code categories for imports from Costa Rica, citing the need to protect domestic industries as per CAFTA-DR provisions.
Date: July 10, 2023
Costa Rica Updates Export Compliance for Safeguarded Goods
Costa Rica has introduced new compliance guidelines for exporters to meet U.S. safeguard requirements on designated HS Code products, aiming to streamline trade processes.
