Stable with minor fluctuations over the past 5 years
Special Rates
CARICOM Preferential Rate
0%
Applicable if imported from a CARICOM member state under the Revised Treaty of Chaguaramas; does not apply to imports from the United States.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US Increases Import of Peat Articles from Trinidad and Tobago
Recent trade data indicates a 20% increase in the import of peat articles (HS Code: 2703.00) from Trinidad and Tobago to the United States in the third quarter of 2023, driven by demand in horticultural sectors.
2023-10-15
Impact: This surge strengthens bilateral trade ties and may lead to increased investment in Trinidad and Tobago's peat processing industry.
Trinidad and Tobago Exporters Face New US Quality Standards for Peat Products
The US has introduced stricter quality control measures for imported peat articles, affecting exporters from Trinidad and Tobago who must now comply with enhanced environmental and product safety standards.
2023-09-05
Impact: This could temporarily slow exports as exporters adapt to new regulations, potentially increasing costs for compliance.
Trade Agreement Boosts Peat Article Exports to the US
A recent bilateral trade agreement between the US and Trinidad and Tobago has reduced tariffs on peat articles, leading to a projected increase in export volumes for the remainder of 2023.
2023-08-20
Impact: Lower tariffs are expected to make Trinidad and Tobago's peat products more competitive in the US market, potentially increasing market share.
Policy Updates
US Updates Tariff Schedule for Peat Imports
The US Trade Representative has revised the tariff schedule under the Harmonized System, reducing duties on peat articles (HS Code: 2703.00) from Trinidad and Tobago as part of a broader trade facilitation agreement.
Date: 2023-09-01
Trinidad and Tobago Implements Export Incentive for Peat Industry
The government of Trinidad and Tobago has introduced a tax incentive for exporters of peat articles to encourage growth in the sector and strengthen trade relations with key markets like the United States.
