A new bilateral trade agreement between the United States and Guyana has facilitated an increase in agricultural exports from Guyana, particularly under HS Code provisions related to quantitative limits as per U.S. note 3(a).
2023-10-15
Impact: This agreement is expected to boost Guyana's agricultural exports to the U.S. within the specified quotas, enhancing market access for Guyanese farmers while maintaining U.S. import controls.
U.S. Customs Updates Monitoring of Guyana Imports Under Quantitative Limits
U.S. Customs and Border Protection announced stricter monitoring of imports from Guyana under HS Code categories subject to quantitative limits as outlined in U.S. note 3(a), aiming to ensure compliance with trade quotas.
2023-09-22
Impact: This could lead to delays in clearance for Guyanese goods if documentation or quota adherence is not met, potentially affecting trade flow temporarily.
Guyana Seeks Expansion of Quota Limits in U.S. Trade Talks
During recent trade discussions, Guyana requested an increase in quantitative limits for certain goods under U.S. note 3(a) to expand export opportunities to the U.S. market.
2023-08-10
Impact: If approved, this could significantly increase Guyana's export volume to the U.S., fostering economic growth, though it may face resistance due to U.S. domestic industry concerns.
Policy Updates
Update to U.S. Note 3(a) Quantitative Limits Enforcement
The U.S. Trade Representative's office issued a clarification on the enforcement of quantitative limits under U.S. note 3(a), emphasizing stricter documentation requirements for imports from Guyana and other countries to prevent quota violations.
