No preferential trade agreements currently apply between the United States and Cuba for this product due to U.S. trade embargo restrictions.
Additional Information
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Last updated: 1 year ago
News and Updates
Recent News
U.S. Eases Restrictions on Certain Small-Scale Exports to Cuba
The U.S. Department of Commerce announced a relaxation of export controls for specific small-scale goods with a diameter of less than 1.0 mm (HS Code: TBD) to Cuba, aiming to support private sector growth.
October 10, 2023
Impact: This could lead to a slight increase in niche trade between the U.S. and Cuba for specialized micro-components, though overall volume remains limited due to broader embargo restrictions.
Cuba Seeks U.S. Micro-Component Imports Amidst Economic Reforms
Cuban officials expressed interest in importing micro-components (diameter < 1.0 mm, HS Code: TBD) from the U.S. to support domestic manufacturing as part of economic liberalization efforts.
September 5, 2023
Impact: Potential for targeted trade growth in this category, though significant barriers like licensing and payment mechanisms persist.
U.S. Businesses Explore Micro-Export Opportunities to Cuba
A coalition of U.S. small businesses specializing in micro-components (diameter < 1.0 mm, HS Code: TBD) petitioned for clearer export guidelines to Cuba under existing humanitarian exemptions.
August 20, 2023
Impact: If approved, this could open a small but specialized trade channel, though bureaucratic hurdles may delay implementation.
Policy Updates
Update to U.S. Export Administration Regulations for Cuba
The U.S. Bureau of Industry and Security (BIS) issued a revised policy allowing limited exports of non-strategic micro-components (diameter < 1.0 mm, HS Code: TBD) to Cuba under a general license for private sector support, with strict end-use monitoring.
