Stable with slight increase of 2% from previous year
Special Rates
Preferential Rate
0%
Applicable under CARICOM agreements if sourced through a member state with proper documentation.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
Suriname Increases Flaxseed Exports to the United States
Suriname has ramped up its flaxseed exports to the United States, driven by growing demand for organic and non-GMO products in the American market. Trade data indicates a 20% increase in volume compared to last year.
2023-10-15
Impact: This surge strengthens trade ties between the two nations, potentially increasing Suriname's market share in the U.S. flaxseed sector, though it may face competition from larger suppliers like Canada.
U.S. Importers Report Quality Concerns with Suriname Flaxseed
Several U.S. importers have raised concerns over inconsistent quality in flaxseed shipments from Suriname, citing issues with moisture content and impurities in recent batches.
2023-09-05
Impact: This could lead to a temporary decline in demand for Suriname flaxseed in the U.S. market unless quality control measures are addressed, potentially affecting export revenues.
New Trade Agreement Discussions Include Flaxseed Exports
During recent bilateral talks, the United States and Suriname discussed expanding agricultural trade, with a specific focus on flaxseed as a key export commodity from Suriname.
2023-08-20
Impact: If finalized, the agreement could reduce trade barriers and boost flaxseed exports from Suriname to the U.S., creating a more stable market for producers.
Policy Updates
U.S. Updates Import Standards for Flaxseed
The U.S. Department of Agriculture has introduced stricter import standards for flaxseed (HS Code: 1204.00), including mandatory testing for pesticide residues and contaminants, applicable to all trading partners including Suriname.
