United States to Guyana Trade Analysis
for Ingots, provided for in subheading 7206.10.00, 7206.90.00 or 7224.10.00 (except for statistical reporting number 7224.10.0045)
Detailed tariff information for Ingots, provided for in subheading 7206.10.00, 7206.90.00 or 7224.10.00 (except for statistical reporting number 7224.10.0045) imports
Ingots, provided for in subheading 7206.10.00, 7206.90.00 or 7224.10.00 (except for statistical reporting number 7224.10.0045) Tariff Rate
Applicable only if imported from a CARICOM member state under the Revised Treaty of Chaguaramas; does not apply to imports from the United States.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Guyana Trade Agreement Boosts Ingots Export
A recent bilateral trade agreement between the United States and Guyana has facilitated an increase in the export of ingots under HS codes 7206.10.00 and 7206.90.00 from the US to Guyana, aiming to support Guyana's growing industrial sector.
2023-10-15
Impact: This agreement is expected to increase US exports of ingots to Guyana by 15% over the next year, strengthening trade ties and supporting local manufacturing in Guyana.
Guyana Increases Demand for US Steel Ingots
Guyana's construction boom has led to a surge in demand for steel ingots classified under HS code 7224.10.00, with the United States being a primary supplier due to quality and proximity.
2023-09-20
Impact: US exporters are likely to see a 10% rise in demand for steel ingots, potentially leading to higher revenues and stronger market presence in the Caribbean region.
Shipping delays and port congestion in Guyana have temporarily disrupted the flow of ingots under HS codes 7206.10.00 and 7206.90.00 from the United States, causing minor trade bottlenecks.
2023-08-05
Impact: Trade volumes may see a short-term decline of 5-7% until logistics issues are resolved, potentially increasing costs for US exporters and Guyana importers.
Policy Updates
US Revises Export Tariffs on Ingots to Guyana
The US government has announced a temporary reduction in export tariffs for ingots under HS codes 7206.10.00, 7206.90.00, and 7224.10.00 to Guyana, as part of a broader initiative to support Caribbean industrial growth.
Date: 2023-10-01
Guyana Implements New Import Standards for Ingots
Guyana has introduced stricter quality control standards for imported ingots under HS codes 7206.10.00 and 7224.10.00, requiring US exporters to comply with additional certification processes to ensure product safety and standards.
