Increasing by 8% annually due to growing industrial automation demand
Special Rates
CARICOM Preferential Rate
0%
Applicable if imported under CARICOM trade agreements with proper documentation and certificate of origin.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
Increased Export of Programmable Controllers from US to Guyana
Recent trade data indicates a 20% increase in the export of programmable controllers (HS Code: 8537.10) from the United States to Guyana in the third quarter of 2023, driven by growing industrial automation in Guyana's manufacturing sector.
2023-10-15
Impact: This surge is likely to strengthen trade ties and boost US exporters' revenue while supporting Guyana's industrial growth.
Guyana's Demand for Automation Technology Rises
Guyana's expanding oil and gas sector has led to a higher demand for programmable controllers from the US, with imports rising by 15% year-over-year as reported by trade authorities.
2023-09-05
Impact: The increased demand may lead to long-term contracts for US suppliers, enhancing bilateral trade in technology goods.
A bilateral trade discussion between the US and Guyana highlighted programmable controllers as a key export item, with both nations agreeing to streamline customs processes for such goods.
2023-08-20
Impact: Simplified customs procedures are expected to reduce costs and delays, encouraging more trade in programmable controllers.
Policy Updates
Guyana Reduces Import Tariffs on Industrial Equipment
Guyana announced a reduction in import tariffs on industrial equipment, including programmable controllers (HS Code: 8537.10), from 15% to 10% to support local industries and attract foreign investment.
Date: 2023-09-10
US Updates Export Controls for Technology Goods
The US Department of Commerce updated export control regulations for certain technology goods, including programmable controllers, requiring additional documentation for shipments to non-FTA countries like Guyana.
