Applicable to goods originating from CARICOM member states under the CARICOM Single Market and Economy (CSME) agreement, with proper documentation (Certificate of Origin).
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Last updated: 1 year ago
News and Updates
Recent News
U.S.-Grenada Trade Agreement Strengthens Under CBI
The United States and Grenada have reinforced their trade ties under the Caribbean Basin Initiative (CBI), focusing on goods provided for in subheadings enumerated in U.S. note 21(s). This agreement aims to boost exports of specific agricultural and manufactured products from Grenada to the U.S. with preferential tariff treatment.
October 15, 2023
Impact: Expected to increase Grenadian exports to the U.S. by 10% over the next year, particularly in spices and tropical products, fostering economic growth in Grenada.
Grenada Seeks Expanded Access for Specialty Products
Grenadian trade officials met with U.S. counterparts to discuss expanding market access for specialty products under HS codes covered by U.S. note 21(s). The talks focused on reducing non-tariff barriers and streamlining certification processes.
August 22, 2023
Impact: If successful, this could diversify Grenada's export portfolio to the U.S., reducing dependency on traditional commodities and potentially increasing trade volume by 5-7%.
U.S. Customs Updates Verification for Grenadian Imports
U.S. Customs and Border Protection announced stricter verification protocols for imports from Grenada under subheadings in U.S. note 21(s) to ensure compliance with origin rules under the CBI framework.
June 10, 2023
Impact: May temporarily slow down import processing times for Grenadian goods, potentially affecting small exporters until compliance measures are fully adopted.
Policy Updates
Extension of CBI Preferences for Grenada
The U.S. government extended the Caribbean Basin Initiative preferences for Grenada, maintaining duty-free access for products under subheadings enumerated in U.S. note 21(s) through 2030, ensuring long-term trade stability.
Date: September 30, 2023
Updated Rules of Origin for CBI-Eligible Goods
The U.S. Trade Representative issued updated rules of origin for goods under U.S. note 21(s), requiring stricter documentation for Grenadian exports to qualify for duty-free treatment under the CBI.
