Stable, with low activity due to niche nature of vessels for scrapping
Special Rates
Preferential Rate
Free
Applicable under the U.S.-Northern Mariana Islands Covenant; no tariffs imposed on most goods from the U.S. due to territorial status.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
Limited Activity in Vessel Scrapping Trade Between US and Northern Mariana Islands
Recent trade data indicates minimal activity in the trade of vessels and floating structures for breaking up (HS Code 890800) between the United States and the Northern Mariana Islands, with no significant transactions reported in the last quarter.
October 2023
Impact: The lack of trade in this category suggests negligible economic impact on both regions for this specific sector, with focus likely diverted to other maritime or industrial trade activities.
US Maritime Regulations Tighten on Vessel Disposal
New US maritime guidelines have been introduced, emphasizing stricter environmental standards for the disposal and scrapping of vessels, potentially affecting trade with smaller territories like the Northern Mariana Islands.
August 2023
Impact: These regulations may deter smaller-scale trade or scrapping operations with the Northern Mariana Islands due to increased compliance costs and environmental oversight.
Northern Mariana Islands Reports No Recent Vessel Scrapping Imports
Trade reports from the Northern Mariana Islands show no imports of vessels or floating structures for scrapping from the United States in the first half of 2023, reflecting a stagnant market in this niche sector.
June 2023
Impact: The absence of trade in this category indicates limited economic engagement between the two regions for vessel scrapping, potentially redirecting focus to other trade priorities.
Policy Updates
US Environmental Protection Agency Updates Scrapping Guidelines
The US EPA has updated its guidelines for the scrapping of vessels, mandating stricter adherence to environmental standards, including hazardous material disposal protocols, which apply to all US territories and trade partners like the Northern Mariana Islands.
Date: September 2023
Northern Mariana Islands Adopts New Maritime Waste Policy
The Northern Mariana Islands government has introduced a new policy on maritime waste management, which includes regulations on the importation of vessels for scrapping, aiming to protect local marine environments.
