Stable with slight increase of 2% compared to 2021
Special Rates
Preferential Rate
0%
Applicable under the EU-US trade agreements or specific quotas if met; subject to proof of origin.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
Limited Olive Oil Exports to Saint Martin Due to Regional Supply Constraints
Recent reports indicate a reduction in olive oil exports from the United States to Saint Martin (French part) due to supply chain disruptions and lower production yields in key US regions. Trade volumes for HS Code 1509 (Olive oil and its fractions, whether or not refined, but not chemically modified) have seen a marginal decline.
2023-10-15
Impact: This may lead to higher prices for olive oil in Saint Martin and potential shifts to alternative suppliers in the short term.
US-Saint Martin Trade Agreement Boosts Olive Oil Market Access
A bilateral trade discussion between the US and French authorities representing Saint Martin has resulted in streamlined customs processes for agricultural goods, including olive oil (HS Code 1509), facilitating smoother trade flows.
2023-08-22
Impact: Expected to increase export volumes of olive oil from the US to Saint Martin with reduced logistical delays.
Saint Martin Importers Seek US Olive Oil Amid European Shortages
Due to shortages in European olive oil production, Saint Martin importers have turned to US suppliers for olive oil (HS Code 1509), leading to a slight uptick in trade volume over the past quarter.
2023-06-10
Impact: This shift could strengthen US-Saint Martin trade ties for olive oil, with potential for long-term contracts.
Policy Updates
Updated Tariff Schedule for Agricultural Imports in Saint Martin
Saint Martin, under French jurisdiction, has adopted a revised tariff schedule aligning with EU regulations for agricultural imports, including olive oil (HS Code 1509). The update includes a slight reduction in duties for non-EU countries like the US under specific trade agreements.
