Stable with slight increase of 2% from previous year
Special Rates
CARICOM Preferential Rate
0%
Applicable to goods originating from CARICOM member states under the Revised Treaty of Chaguaramas; certificate of origin required.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
Limited Trade Activity for Rubber Processing Equipment Between US and Grenada
Recent trade data indicates minimal activity in the export of machinery for processing rubber or thermosetting materials (HS Code: 8477.80) from the United States to Grenada, with no significant transactions reported in the last quarter.
October 15, 2023
Impact: Negligible impact on bilateral trade due to the niche nature of the product and low demand in Grenada for such specialized equipment.
US Export Regulations Tighten for Industrial Machinery
The US Department of Commerce has introduced stricter export controls on certain industrial machinery, including equipment for processing rubber or thermosetting materials, though Grenada-specific impacts remain unclear.
September 5, 2023
Impact: Potential delays or increased compliance costs for US exporters if Grenada-based importers seek such machinery in the future.
Grenada's Manufacturing Sector Shows Slow Growth
Grenada's manufacturing sector, including rubber processing, remains underdeveloped, with limited imports of related machinery from the US reported in recent trade statistics.
August 20, 2023
Impact: Low demand in Grenada continues to suppress trade in this category, affecting potential US exports of HS Code 8477.80 products.
Policy Updates
US-Grenada Trade Agreement Review
The US and Grenada are reviewing bilateral trade agreements under the Caribbean Basin Initiative (CBI), which may influence tariff rates and export conditions for industrial machinery, including HS Code 8477.80 products, though no specific changes have been announced yet.
