Applicable under the Dominican Republic-Central America-United States Free Trade Agreement (CAFTA-DR) for qualifying goods from the United States with proper documentation (Certificate of Origin).
Additional Information
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Last updated: 1 year ago
News and Updates
Recent News
U.S. Increases Imports of Set-Top Boxes with Communication Functions from Nicaragua
Recent trade data shows a 20% increase in U.S. imports of set-top boxes with communication functions (HS Code: 8528.71) from Nicaragua in Q3 2023, driven by rising demand for smart streaming devices.
October 15, 2023
Impact: This surge strengthens trade ties between the U.S. and Nicaragua, potentially encouraging further investment in Nicaraguan manufacturing for tech products.
Nicaragua Boosts Export Capacity for Set-Top Box Technology to U.S. Market
Nicaraguan exporters have expanded production facilities for set-top boxes with communication functions, targeting the U.S. market under favorable CAFTA-DR trade agreements.
September 5, 2023
Impact: Enhanced production capacity may lead to increased export volumes to the U.S., benefiting from tariff-free access under CAFTA-DR.
Bilateral trade discussions between the U.S. and Nicaragua emphasized growth in the electronics sector, including set-top boxes with communication capabilities, as a key area for cooperation.
August 20, 2023
Impact: Positive dialogue could lead to streamlined trade processes and reduced non-tariff barriers, boosting trade in this category.
Policy Updates
CAFTA-DR Agreement Reaffirmed for Electronics Trade
The U.S. and Nicaragua reaffirmed their commitment to the Central America-Dominican Republic Free Trade Agreement (CAFTA-DR), ensuring duty-free access for set-top boxes with communication functions (HS Code: 8528.71) and other electronics.
