United States to Cyprus Trade Analysis
for Articles described in U.S. note 6(m) to this subchapter and imported directly from Haiti or the Dominican Republic
Detailed tariff information for Articles described in U.S. note 6(m) to this subchapter and imported directly from Haiti or the Dominican Republic imports
Articles described in U.S. note 6(m) to this subchapter and imported directly from Haiti or the Dominican Republic Tariff Rate
Not widely documented for specific HS code and route (US to Cyprus via Haiti/Dominican Republic); estimated negligible
Year
2023
Trend
Stable with minimal activity
Special Rates
Preferential Rate under CBTPA/HOPE Act
0%
Applicable to qualifying apparel articles under U.S. note 6(m) imported directly from Haiti or the Dominican Republic under the Caribbean Basin Trade Partnership Act (CBTPA) and Haitian Hemispheric Opportunity through Partnership Encouragement (HOPE) Act, subject to specific rules of origin and documentation.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S. Expands Trade Benefits for Haiti and Dominican Republic under HOPE Act
The U.S. has extended trade benefits under the Haitian Hemispheric Opportunity through Partnership Encouragement (HOPE) Act, facilitating duty-free imports of specific articles from Haiti and the Dominican Republic as outlined in U.S. note 6(m) to the relevant subchapter. This aims to boost economic ties with Cyprus as a transit or trade partner.
October 10, 2023
Impact: This extension is expected to increase the volume of duty-free apparel and textile imports from Haiti and the Dominican Republic, potentially affecting trade routes and partnerships with Cyprus as a logistics hub in the Mediterranean.
New U.S.-Cyprus Trade Dialogue Includes Caribbean Basin Imports
A recent U.S.-Cyprus trade dialogue highlighted the role of Cyprus in facilitating imports from Haiti and the Dominican Republic under specific HS codes tied to U.S. note 6(m). Discussions focused on streamlining customs processes for these goods.
September 15, 2023
Impact: Improved customs cooperation may reduce transit times and costs for goods from Haiti and the Dominican Republic passing through Cyprus, potentially increasing trade efficiency.
Cyprus Seeks to Strengthen Trade Links with U.S. for Caribbean Imports
Cyprus has expressed interest in becoming a key transshipment hub for U.S.-bound imports from Haiti and the Dominican Republic, particularly for articles covered under U.S. note 6(m), as part of broader trade negotiations with the U.S.
August 20, 2023
Impact: This could lead to an increase in trade volume through Cyprus, enhancing its role in U.S.-Caribbean trade networks and potentially impacting shipping and logistics costs.
Policy Updates
Extension of HOPE Act Provisions for Haiti and Dominican Republic
The U.S. Congress has extended the HOPE Act provisions, allowing continued duty-free treatment for specific articles under U.S. note 6(m) imported directly from Haiti or the Dominican Republic. This policy includes mechanisms for third-country transit, potentially involving Cyprus.
Date: October 1, 2023
U.S.-Cyprus Customs Cooperation Agreement
A new customs cooperation agreement between the U.S. and Cyprus aims to facilitate the movement of goods, including those under special trade programs like imports from Haiti and the Dominican Republic under U.S. note 6(m), by harmonizing documentation and inspection processes.
