United States to Curaçao Trade Analysis
for Drive-axles with differential, whether or not provided with other transmission components, and non-driving axles; parts thereof
Detailed tariff information for Drive-axles with differential, whether or not provided with other transmission components, and non-driving axles; parts thereof imports
Drive-axles with differential, whether or not provided with other transmission components, and non-driving axles; parts thereof Tariff Rate
Applicable under the CARICOM-USA trade agreements if specific rules of origin are met and proper documentation is provided.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
Increased Export of Drive-Axles from US to Curaçao
Recent trade data shows a significant rise in the export of drive-axles with differentials (HS Code: 8708.50) from the United States to Curaçao, driven by demand in the automotive repair sector.
2023-10-15
Impact: This surge is expected to strengthen trade ties and boost US exporters' revenue in the short term, though supply chain constraints may pose challenges.
Curaçao Importers Seek US Drive-Axle Parts Amid Local Shortages
Curaçao-based automotive companies have ramped up imports of non-driving axles and related components from the US to address local supply shortages.
2023-09-22
Impact: This trend could lead to a steady increase in bilateral trade volume for HS Code 8708.50 products, benefiting US manufacturers.
US-Curaçao Trade Talks Highlight Automotive Parts Sector
During recent trade discussions, both nations emphasized the importance of automotive components like drive-axles in their bilateral trade agreements, with Curaçao showing interest in long-term contracts.
2023-08-30
Impact: Potential long-term agreements may stabilize and increase trade in drive-axles and parts, fostering predictability for US exporters.
Policy Updates
US Updates Export Regulations for Automotive Parts
The US Department of Commerce introduced streamlined export licensing for automotive components, including drive-axles (HS Code: 8708.50), to small markets like Curaçao to facilitate faster trade processing.
Date: 2023-10-01
Curaçao Reduces Import Tariffs on Automotive Parts
Curaçao announced a temporary reduction in import tariffs on automotive parts, including drive-axles and non-driving axles, to encourage imports and support local automotive industries.
