Stable with slight increase of 2% from previous year
Special Rates
CARICOM Preferential Rate
0%
Applicable to imports from CARICOM member states; 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
US Increases Imports of Natural Rubber Latex from Trinidad and Tobago
Recent trade data shows a 12% increase in natural rubber latex imports from Trinidad and Tobago to the US in Q3 2023, driven by demand in the medical and industrial sectors.
2023-10-15
Impact: This surge strengthens bilateral trade ties and may encourage further investment in Trinidad and Tobago's rubber processing industry.
Trinidad and Tobago Exporters Face Logistics Challenges in Rubber Trade with US
Exporters of natural rubber latex in Trinidad and Tobago reported delays in shipments to the US due to port congestion and rising shipping costs.
2023-09-22
Impact: These challenges could temporarily reduce export volumes and increase costs for US buyers, potentially affecting pricing.
US-Trinidad and Tobago Trade Agreement Boosts Rubber Sector
A new trade facilitation agreement between the US and Trinidad and Tobago aims to streamline customs processes for natural rubber latex exports.
2023-08-10
Impact: The agreement is expected to reduce trade barriers, lower costs, and increase the competitiveness of Trinidad and Tobago’s rubber exports to the US.
Policy Updates
US Revises Tariff Classification for Natural Rubber Latex
The US Customs and Border Protection agency updated the tariff classification under HS Code 4001.10 for natural rubber latex, aiming for clearer categorization and compliance.
Date: 2023-07-05
Trinidad and Tobago Introduces Export Incentive for Rubber Products
The government of Trinidad and Tobago announced a tax rebate for exporters of natural rubber latex to encourage production and boost trade with key markets like the US.
