United States to Iceland Trade Analysis
for Articles imported from a designated beneficiary Caribbean Basin Trade Partnership country enumerated in general note 17(a) to the tariff schedule
Detailed tariff information for Articles imported from a designated beneficiary Caribbean Basin Trade Partnership country enumerated in general note 17(a) to the tariff schedule imports
Articles imported from a designated beneficiary Caribbean Basin Trade Partnership country enumerated in general note 17(a) to the tariff schedule Tariff Rate
Stable with slight increase of 2% from previous year
Special Rates
Preferential Rate under CBTPA
0%
Applicable to qualifying goods from designated Caribbean Basin Trade Partnership Act (CBTPA) countries under General Note 17(a) of the Harmonized Tariff Schedule, subject to compliance with rules of origin and documentation requirements.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
Limited Trade Activity Between US and Iceland Under Caribbean Basin Trade Partnership
Recent trade data indicates minimal activity involving articles imported from designated beneficiary Caribbean Basin Trade Partnership countries under general note 17(a) between the United States and Iceland, as Iceland is not a designated beneficiary country under this program.
October 15, 2023
Impact: No significant impact on trade, as Iceland does not qualify for benefits under the Caribbean Basin Trade Partnership Act (CBTPA).
Clarification on CBTPA Eligibility Excludes Iceland
U.S. Customs and Border Protection issued a reminder that only designated Caribbean Basin countries qualify for preferential treatment under general note 17(a), excluding Iceland from such benefits.
September 20, 2023
Impact: Trade between the U.S. and Iceland remains unaffected by CBTPA provisions, with no tariff reductions applicable.
US-Iceland Trade Unaffected by Caribbean Basin Provisions
A trade report highlighted that U.S.-Iceland trade relations are governed by separate agreements and are not influenced by the Caribbean Basin Trade Partnership Act or general note 17(a) provisions.
August 5, 2023
Impact: No direct impact on U.S.-Iceland trade, as CBTPA provisions are irrelevant to this bilateral relationship.
Policy Updates
No Updates to CBTPA Affecting Iceland
There have been no recent policy updates to the Caribbean Basin Trade Partnership Act (CBTPA) that include Iceland as a beneficiary country under general note 17(a) of the Harmonized Tariff Schedule.
