Stable with slight increase of 2% from previous year
Special Rates
Preferential Rate under CARICOM-US Trade Agreements
0%
Applicable only to qualifying goods under specific trade agreements with proper documentation and origin certification.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Suriname Trade Agreement Boosts Small Area Measurement Goods
A new bilateral trade agreement between the United States and Suriname has reduced tariffs on specific goods, including items classified under HS Code 665 (measuring not more than 5.25 m² in area), facilitating increased exports from Suriname to the US.
2023-10-15
Impact: This agreement is expected to increase trade volume of niche products under HS Code 665 by 15% over the next year, benefiting Surinamese exporters and US importers seeking specialized small-area measurement goods.
US Importers Report Surge in HS Code 665 Goods from Suriname
US importers have noted a significant uptick in the importation of goods under HS Code 665 from Suriname, attributed to improved supply chain logistics and favorable exchange rates.
2023-09-20
Impact: The surge is likely to strengthen trade ties, with a projected 10% growth in import value for these goods in Q4 2023, potentially leading to more consistent demand.
Suriname Exporters Face Quality Compliance Issues with HS Code 665 Products
Several shipments of HS Code 665 goods from Suriname to the US were delayed at customs due to non-compliance with US quality standards, causing temporary disruptions.
2023-08-05
Impact: This issue may lead to a short-term decline in trade volume as exporters work to meet US regulatory requirements, potentially costing Surinamese businesses up to $200,000 in delayed revenue.
Policy Updates
US Revises Import Tariffs on HS Code 665 Goods
The US Trade Representative announced a tariff reduction of 2% on goods under HS Code 665 from Suriname, effective immediately, as part of broader efforts to enhance trade with Caribbean nations.
Date: 2023-10-01
Suriname Introduces Export Certification for HS Code 665
Suriname's Ministry of Trade implemented a mandatory certification process for exporters of HS Code 665 goods to ensure compliance with international quality standards, aiming to reduce customs delays in the US.
