A recent bilateral trade agreement between the United States and Guyana has facilitated an increase in the export of electrical goods, including extension cords (HS Code as defined in statistical note 6), from the U.S. to Guyana, with a reported 20% rise in shipments this quarter.
2023-10-15
Impact: This agreement is likely to increase the volume of extension cord exports to Guyana, benefiting U.S. manufacturers and strengthening trade ties.
Guyana Implements New Safety Standards for Imported Extension Cords
Guyana has introduced stricter safety regulations for imported electrical products, including extension cords, requiring compliance with international standards. U.S. exporters must adapt to these new requirements to maintain market access.
2023-09-05
Impact: U.S. exporters may face higher compliance costs and potential delays in shipments of extension cords to Guyana due to the new safety standards.
U.S. Exporters Report Supply Chain Delays to Guyana
Logistical challenges and port congestion in Guyana have led to delays in the delivery of electrical goods, including extension cords, from the United States, affecting trade flow in the region.
2023-08-20
Impact: These delays could temporarily reduce the volume of extension cord exports to Guyana, impacting U.S. businesses reliant on timely shipments.
Policy Updates
Guyana Updates Import Tariffs on Electrical Goods
Guyana has revised its import tariff structure for electrical goods, including extension cords under the relevant HS Code, reducing tariffs by 5% to encourage imports and support local infrastructure development.
Date: 2023-09-10
U.S. Trade Promotion Authority Extends Support for Guyana Exports
The U.S. Trade Promotion Authority has extended support for exports to Caribbean nations, including Guyana, offering incentives for American companies exporting electrical products like extension cords under specific HS Codes.
