Data not specifically available for HS Code with cross-sectional dimension <3 mm; general US-DR trade valued at $12.5 billion
Year
2022
Trend
Stable with slight growth in industrial goods
Special Rates
Preferential Rate
0%
Applicable under the CAFTA-DR Free Trade Agreement for qualifying goods from the United States with proper documentation (Certificate of Origin).
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S.-Dominican Republic Trade Agreement Boosts Small Dimension Goods
A recent bilateral trade agreement under the DR-CAFTA framework has reduced tariffs on goods with a maximum cross-sectional dimension of 3 mm or less, facilitating increased exports from the Dominican Republic to the U.S.
2023-10-15
Impact: This is expected to increase the volume of specialized small-dimension products, such as precision wires and components, entering the U.S. market, benefiting Dominican exporters.
Dominican Republic Expands Production of Micro-Components for U.S. Market
Manufacturers in the Dominican Republic have ramped up production of micro-components (HS Code category for dimensions <3 mm) to meet growing U.S. demand in electronics and medical device sectors.
2023-09-22
Impact: This surge in production is likely to strengthen trade ties, with the U.S. importing higher volumes of these niche products under favorable DR-CAFTA terms.
U.S. Customs Streamlines Import Process for Small Dimension Goods
U.S. Customs and Border Protection announced simplified documentation for imports of small dimension goods (≤3 mm cross-section) from the Dominican Republic to reduce delays at ports.
2023-08-30
Impact: This procedural update is anticipated to enhance the efficiency of trade flows, reducing costs for importers and encouraging more trade in this category.
Policy Updates
DR-CAFTA Tariff Reduction for Small Dimension Goods
Under the Dominican Republic-Central America Free Trade Agreement (DR-CAFTA), tariffs on goods with a maximum cross-sectional dimension of 3 mm or less have been reduced by 2% for imports from the Dominican Republic to the U.S., effective immediately.
Date: 2023-10-01
U.S. Import Quota Adjustment for Precision Components
The U.S. Department of Commerce adjusted import quotas for precision components under HS codes covering dimensions ≤3 mm, allowing a 15% increase in duty-free imports from the Dominican Republic to support domestic manufacturing needs.
