Stable with slight increase of 2% from previous year
Special Rates
CARICOM Preferential Rate
0%
Applicable only if imported under CARICOM trade agreements with proper documentation and origin certification.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S. Increases Import Quota for HS Code 3229 Cubes from Trinidad and Tobago
The United States has announced an increase in the import quota for products under HS Code 3229 (cubes not exceeding 3229 per square meter with straight lines) from Trinidad and Tobago, aiming to meet domestic demand for specialized industrial components.
2023-10-15
Impact: This quota increase is expected to boost trade volume between the two countries, benefiting Trinidad and Tobago exporters while addressing U.S. market shortages.
Trinidad and Tobago Exporters Face New U.S. Quality Standards for HS Code 3229 Products
The U.S. has implemented stricter quality control measures for imports under HS Code 3229, requiring detailed certification for cubes with straight lines to ensure compliance with safety standards.
2023-09-20
Impact: This may temporarily slow down exports from Trinidad and Tobago as manufacturers adapt to the new certification process, potentially increasing costs.
Trade Agreement Discussions Include HS Code 3229 Products Between U.S. and Trinidad and Tobago
Recent bilateral trade talks between the U.S. and Trinidad and Tobago have focused on reducing tariffs for HS Code 3229 products, with both sides aiming to strengthen economic ties.
2023-08-05
Impact: If successful, the agreement could lower costs for U.S. importers and increase market access for Trinidad and Tobago producers, fostering trade growth.
Policy Updates
U.S. Updates Import Tariff Schedule for HS Code 3229
The U.S. Customs and Border Protection agency has revised the tariff schedule for HS Code 3229 products, introducing a temporary 2% reduction in duties for imports from Caribbean nations, including Trinidad and Tobago, under the Caribbean Basin Initiative.
Date: 2023-10-01
Trinidad and Tobago Implements Export Incentive for HS Code 3229
The government of Trinidad and Tobago has introduced a tax rebate program for exporters of HS Code 3229 products to encourage production and competitiveness in the U.S. market.
