Applicable under the Caribbean Basin Initiative (CBI) if goods meet origin criteria and documentation requirements.
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Last updated: 1 year ago
News and Updates
Recent News
US-Curaçao Trade Agreement Boosts Steel Imports
A new trade agreement between the United States and Curaçao has facilitated an increase in the import of rectangular cross-section steel products (HS Code: 7214.91) to the US, focusing on products where width is less than twice the thickness.
2023-10-15
Impact: This agreement is expected to enhance bilateral trade by reducing tariffs, potentially increasing US imports of specialized steel products from Curaçao by 15% over the next year.
Curaçao Steel Exports to US Face Logistics Challenges
Recent shipping delays have impacted the delivery of rectangular cross-section steel products from Curaçao to the United States, causing temporary supply chain disruptions.
2023-09-22
Impact: The delays may lead to a short-term shortage of specific steel products in the US market, potentially increasing costs for manufacturers relying on these imports.
US Importers Seek Alternative Suppliers Amid Curaçao Production Slowdown
A slowdown in steel production in Curaçao has led some US importers of rectangular cross-section steel to explore alternative suppliers in the Caribbean and Latin America.
2023-08-10
Impact: This shift could reduce Curaçao's market share in the US for HS Code 7214.91 products if production issues persist, affecting bilateral trade volumes.
Policy Updates
US Revises Tariff Rates on Steel Imports from Curaçao
The US government has updated tariff rates for steel products under HS Code 7214.91 from Curaçao, reducing the rate by 2% to encourage imports of rectangular cross-section steel where width is less than twice the thickness.
Date: 2023-10-01
Curaçao Introduces Export Incentives for Steel Sector
Curaçao has implemented new export incentives for steel manufacturers, including tax rebates for companies exporting rectangular cross-section steel products to the United States.
