United States to Guyana Trade Analysis
for Renewable fuels blends containing not less than 51 percent by volume of biofuel, as described in statistical note 1 to this chapter
Detailed tariff information for Renewable fuels blends containing not less than 51 percent by volume of biofuel, as described in statistical note 1 to this chapter imports
Renewable fuels blends containing not less than 51 percent by volume of biofuel, as described in statistical note 1 to this chapter Tariff Rate
A new bilateral trade agreement between the United States and Guyana has facilitated an increase in the export of renewable fuel blends, with a focus on blends containing at least 51% biofuel by volume, from Guyana to the US. This deal aims to support sustainable energy initiatives.
2023-10-15
Impact: This agreement is expected to enhance the volume of renewable fuel trade, potentially lowering costs for US importers and supporting Guyana’s biofuel industry growth.
Guyana Increases Biofuel Production for US Market
Guyana has ramped up its production of renewable fuel blends (minimum 51% biofuel by volume) to meet growing demand in the United States, following favorable trade terms and environmental incentives offered by both nations.
2023-09-20
Impact: Increased production could lead to a steady supply of renewable fuels to the US, strengthening trade ties and supporting energy transition goals in both countries.
US Customs Clarifies Tariff Classification for Guyana Biofuel Blends
US Customs and Border Protection issued a ruling on the correct HS code classification for renewable fuel blends from Guyana containing at least 51% biofuel, ensuring smoother import processes and compliance with trade regulations.
2023-08-05
Impact: This clarification reduces the risk of delays and misclassification at US ports, potentially increasing the efficiency and volume of biofuel imports from Guyana.
Policy Updates
US Tariff Incentives for Renewable Fuels from Guyana
The United States introduced temporary tariff reductions under the Generalized System of Preferences (GSP) for renewable fuel blends containing at least 51% biofuel by volume imported from Guyana, aiming to promote sustainable energy trade.
Date: 2023-07-10
Guyana’s Biofuel Export Policy Revision
Guyana updated its export policies to streamline the certification process for renewable fuel blends (minimum 51% biofuel by volume), ensuring compliance with international standards and facilitating trade with the United States.
