Data not specific to this HS Code; overall trade between US and Grenada shows moderate growth
Special Rates
CARICOM Preferential Rate
0%
Applicable under CARICOM agreements if the product meets rules of origin criteria and is imported from a CARICOM member state. Note: The United States is not a CARICOM member, so this rate does not apply.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Grenada Trade Agreement on Steel Products
The United States and Grenada have signed a bilateral agreement to facilitate the export of steel products with a maximum cross-sectional dimension of 152.4 mm or more (HS Code: 7306.30) from Grenada to the US, reducing tariffs by 5%.
2023-10-15
Impact: This agreement is expected to boost Grenada's steel exports to the US, potentially increasing trade volume by 10% over the next year.
US Imposes Quality Standards on Grenada Steel Imports
The US Department of Commerce introduced new quality control standards for steel imports under HS Code 7306.30 from Grenada, requiring additional certifications.
2023-09-01
Impact: This may temporarily slow down trade as Grenadian exporters adapt to the new requirements, potentially increasing costs by 3-5%.
Grenada Increases Production Capacity for Steel Exports to US
Grenada announced investments in local steel manufacturing, targeting products with a cross-sectional dimension of 152.4 mm or more, to meet growing US demand.
2023-07-20
Impact: This development could strengthen trade ties, with a projected 15% increase in export volume to the US in the next two years.
Policy Updates
US Tariff Reduction on Grenadian Steel Products
The US Trade Representative announced a tariff reduction from 7% to 2% on steel products under HS Code 7306.30 imported from Grenada, effective November 1, 2023, as part of a broader Caribbean trade initiative.
Date: 2023-10-10
Grenada Export Compliance Regulation Update
Grenada updated its export compliance regulations for steel products, aligning with US safety and environmental standards to facilitate smoother trade under HS Code 7306.30.
