US$6.5 billion (total trade between U.S. and Nicaragua)
Year
2022
Trend
Increasing, with a 10% growth in exports from the U.S. to Nicaragua compared to 2021
Special Rates
Preferential Rate under CAFTA-DR
0% (Free)
Subject to quantitative limits specified in U.S. note 6(b) to the relevant subchapter; must meet rules of origin and quota requirements.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S. Extends Tariff Benefits for Nicaraguan Textile Imports Under CAFTA-DR
The United States has renewed specific tariff benefits for Nicaraguan textile and apparel imports under the Central America-Dominican Republic Free Trade Agreement (CAFTA-DR), subject to quantitative limits specified in U.S. note 6(b). This renewal aims to support bilateral trade.
October 15, 2023
Impact: This extension is expected to boost Nicaraguan textile exports to the U.S. by maintaining preferential access, potentially increasing trade volume within the specified limits.
Nicaragua Reaches 80% of Annual Textile Export Quota to U.S.
Nicaraguan textile exports to the U.S. under HS codes subject to U.S. note 6(b) have reached 80% of the annual quantitative limit, prompting discussions on potential quota adjustments for the next cycle.
August 22, 2023
Impact: Approaching the quota limit may restrict further exports for the year, potentially slowing trade growth unless adjustments are made.
U.S. Trade Representative Reviews Compliance of Nicaraguan Exports with CAFTA-DR Limits
The Office of the U.S. Trade Representative initiated a review to ensure Nicaraguan exports under HS codes tied to U.S. note 6(b) comply with CAFTA-DR quantitative limits and rules of origin.
June 10, 2023
Impact: Stricter compliance checks could lead to temporary delays in trade if discrepancies are found, affecting the flow of goods.
Policy Updates
Update to Quantitative Limits Under U.S. Note 6(b) for CAFTA-DR Countries
The U.S. government published an update to the quantitative limits for textile and apparel imports from Nicaragua under U.S. note 6(b) to subchapter HS codes, adjusting the annual cap to reflect recent trade patterns while maintaining CAFTA-DR commitments.
