Stable with slight increase due to energy sector demand
Special Rates
CARICOM Preferential Rate
0%
Applicable if imported from a CARICOM member state; not applicable for imports from the United States unless under specific trade agreements.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
Increased Demand for Drill Pipe in Trinidad and Tobago Boosts US Exports
Recent reports indicate a surge in demand for drill pipe fitted with tool joints (HS Code: 730423) in Trinidad and Tobago due to expanded offshore drilling projects. US exporters have seen a 20% increase in shipments to the region over the past quarter.
2023-10-15
Impact: Positive for US exporters; potential for sustained growth in bilateral trade if drilling projects continue to expand.
A bilateral trade discussion between the US and Trinidad and Tobago has led to streamlined customs processes for industrial equipment, including drill pipes. This has reduced delays and costs for US exporters.
2023-09-05
Impact: Reduces trade barriers, likely increasing export volumes of drill pipes from the US to Trinidad and Tobago.
Trinidad and Tobago Imposes Temporary Quality Checks on Drill Pipe Imports
Trinidad and Tobago's Ministry of Energy has introduced mandatory quality inspections for imported drill pipes to ensure compliance with safety standards, affecting US shipments.
2023-08-20
Impact: Potential short-term delays for US exporters; may increase costs due to additional compliance requirements.
Policy Updates
US-Trinidad and Tobago Trade Facilitation Agreement
A new agreement between the US and Trinidad and Tobago aims to reduce tariffs and simplify customs procedures for industrial goods, including drill pipes under HS Code 730423. This policy is expected to enhance trade efficiency.
Date: 2023-09-01
Trinidad and Tobago Updates Import Standards for Drill Pipes
Trinidad and Tobago has updated its import regulations, mandating stricter safety and quality standards for drill pipes. Importers must now provide detailed certification for compliance.
