United States to Saint Lucia Trade Analysis
for Other, with both spark-ignition internal combustion piston engine and electric motor as motors for propulsion
Detailed tariff information for Other, with both spark-ignition internal combustion piston engine and electric motor as motors for propulsion imports
Other, with both spark-ignition internal combustion piston engine and electric motor as motors for propulsion Tariff Rate
Increasing due to demand for hybrid vehicles in Saint Lucia
Special Rates
Preferential Rate
0%
Applicable under the CARICOM-US Trade Agreement for qualifying hybrid vehicles meeting environmental standards.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S. Increases Export of Hybrid Vehicles to Saint Lucia
Recent trade data shows a 20% increase in the export of hybrid vehicles (with both spark-ignition internal combustion piston engines and electric motors) from the United States to Saint Lucia in Q3 2023, driven by growing demand for eco-friendly transportation options in the Caribbean.
2023-10-15
Impact: This surge is expected to strengthen bilateral trade ties and encourage further investment in sustainable automotive technologies between the two nations.
Saint Lucia Promotes Hybrid Vehicle Imports with Tax Incentives
Saint Lucia has seen a rise in hybrid vehicle imports from the U.S. following the introduction of tax breaks for eco-friendly vehicles, with a notable uptick in shipments under HS Code 8703.80 reported in recent months.
2023-09-05
Impact: The increased imports are likely to boost U.S. exports in this category, creating a favorable trade environment for American manufacturers.
During a recent bilateral trade discussion, both nations emphasized the growing market for hybrid vehicles in Saint Lucia, with U.S. exporters eyeing opportunities to expand their footprint in the region.
2023-08-20
Impact: These talks could lead to streamlined trade processes and reduced barriers, potentially increasing the volume of hybrid vehicle trade.
Policy Updates
Saint Lucia Introduces Import Duty Waiver for Hybrid Vehicles
Saint Lucia has implemented a temporary import duty waiver on hybrid vehicles (HS Code 8703.80) to promote sustainable transportation. This policy aims to reduce carbon emissions and is expected to remain in effect until the end of 2024.
Date: 2023-09-01
U.S. Updates Export Guidelines for Hybrid Vehicles
The U.S. Department of Commerce has revised export documentation requirements for hybrid vehicles, ensuring compliance with international standards. This update is intended to facilitate smoother trade with small markets like Saint Lucia.
