Stable with minor fluctuations over the past 3 years
Special Rates
Preferential Rate under CARICOM Agreement
0%
Applicable only if imported through specific CARICOM trade agreements and accompanied by proper documentation proving origin or trade agreement eligibility.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US Increases Import of String Musical Instruments from Suriname
Recent trade data indicates a 20% rise in imports of string musical instruments, such as guitars and violins, from Suriname to the United States in the third quarter of 2023, driven by growing demand for handmade instruments.
2023-10-15
Impact: This surge strengthens trade ties between the US and Suriname, potentially leading to increased bilateral agreements and support for Surinamese artisans.
Suriname Exporters Face US Quality Standards for Musical Instruments
US customs authorities have tightened quality checks on imported string musical instruments from Suriname, causing delays for several shipments of guitars and violins under HS Code 9202.
2023-09-05
Impact: Delays may temporarily reduce trade volume and increase costs for Surinamese exporters until compliance with US standards is streamlined.
A recent international trade fair in Miami showcased Surinamese string musical instruments, leading to new contracts between US distributors and Surinamese manufacturers of violins and harps.
2023-08-20
Impact: The event is expected to enhance export opportunities for Suriname, potentially increasing trade value in the string instrument category by 15% in the next year.
Policy Updates
US Revises Import Tariffs on Musical Instruments
The United States has adjusted tariffs on string musical instruments under HS Code 9202, reducing the rate by 2% for imports from developing countries, including Suriname, to encourage cultural exchange and trade.
