Stable with a slight increase of 2% compared to 2021
Special Rates
Preferential Rate
0.0%
Applicable under the EU-US Trade Agreements for specific goods meeting origin criteria; requires Certificate of Origin.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Martinique Trade Agreement Boosts Heavy Vehicle Exports
A new trade agreement between the United States and Martinique has reduced tariffs on vehicles with a G.V.W. exceeding 5 metric tons but not exceeding 9 metric tons (HS Code: 8704.22), facilitating an increase in exports of medium-duty trucks from the US to Martinique.
2023-10-15
Impact: This agreement is expected to increase US exports of medium-duty vehicles to Martinique by 15% over the next year, strengthening bilateral trade ties.
Martinique Imposes Temporary Import Quota on US Medium-Duty Trucks
Martinique has introduced a temporary quota on imports of vehicles with a G.V.W. between 5 and 9 metric tons from the US to protect local industries amidst a surge in imports.
2023-09-01
Impact: The quota may limit US exporters’ market access in the short term, potentially reducing trade volume by 10% until the policy is reviewed in six months.
US Manufacturers Eye Martinique for Medium-Duty Vehicle Market Expansion
Several US-based manufacturers of medium-duty vehicles (G.V.W. 5-9 metric tons) are exploring Martinique as a growing market due to increasing demand for construction and logistics equipment.
2023-07-20
Impact: This trend could lead to a 20% rise in trade volume for this category over the next two years, provided infrastructure projects in Martinique continue as planned.
Policy Updates
Revised Tariff Schedule for Medium-Duty Vehicles
Martinique has updated its tariff schedule under HS Code 8704.22, reducing import duties by 5% on vehicles with a G.V.W. exceeding 5 metric tons but not exceeding 9 metric tons from the United States as part of a broader trade facilitation agreement.
Date: 2023-10-10
US Export Compliance Regulation Update
The US Department of Commerce has introduced stricter export documentation requirements for medium-duty vehicles (G.V.W. 5-9 metric tons) to Martinique to ensure compliance with environmental and safety standards.
