$6.5 billion (total trade between U.S. and Nicaragua)
Year
2022
Trend
Stable with slight growth in U.S. exports to Nicaragua
Special Rates
Preferential Rate
0%
Subject to quantitative limits specified in U.S. note 8(a) to the relevant subchapter; must meet rules of origin under CAFTA-DR.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S. Adjusts Tariff Rate Quotas for Nicaraguan Imports Under CAFTA-DR
The U.S. Trade Representative announced adjustments to the quantitative limits under U.S. Note 8(a) for specific goods from Nicaragua under the CAFTA-DR agreement, focusing on textile and apparel products.
October 10, 2023
Impact: This adjustment may increase import volumes of certain Nicaraguan goods, potentially boosting bilateral trade in textiles while maintaining strict quota adherence.
Nicaragua Seeks Expansion of Quota Limits for Key Exports to U.S.
Nicaraguan trade officials have requested a review of the quantitative limits specified in U.S. Note 8(a) to allow greater access for agricultural and textile products to the U.S. market.
September 5, 2023
Impact: If approved, this could lead to higher export volumes from Nicaragua, strengthening trade ties, though it may face scrutiny due to political tensions.
U.S. Customs Reports Compliance Issues with Nicaraguan Imports Under Quota Limits
U.S. Customs and Border Protection identified discrepancies in Nicaraguan shipments under the quantitative limits of U.S. Note 8(a), leading to temporary holds on certain imports.
August 20, 2023
Impact: This could disrupt trade flows in the short term, with potential delays for Nicaraguan exporters until compliance is verified.
Policy Updates
Annual Review of CAFTA-DR Quantitative Limits for Nicaragua
The U.S. government published the annual review of quantitative limits under U.S. Note 8(a) for Nicaraguan imports as part of the CAFTA-DR agreement, maintaining current quotas for most categories with minor adjustments for textiles.
