United States to Venezuela, Bolivarian Republic of Trade Analysis
for Other fixed vegetable or microbial fats and oils (including jojoba oil) and their fractions, whether or not refined, but not chemically modified
Detailed tariff information for Other fixed vegetable or microbial fats and oils (including jojoba oil) and their fractions, whether or not refined, but not chemically modified imports
Other fixed vegetable or microbial fats and oils (including jojoba oil) and their fractions, whether or not refined, but not chemically modified Tariff Rate
Decreasing due to economic and political constraints in Venezuela
Special Rates
Preferential Rate
0%
Applicable under specific trade agreements or for humanitarian aid imports, subject to approval by Venezuelan authorities.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US Sanctions Impact Vegetable Oil Trade with Venezuela
Recent US sanctions on Venezuela have restricted the trade of various commodities, including other fixed vegetable or microbial fats and oils under HS Code 1515.90. The restrictions aim to pressure the Venezuelan government but have led to a significant decline in bilateral trade of these products.
2023-05-15
Impact: Trade of vegetable and microbial oils between the US and Venezuela has decreased by over 60% due to tightened sanctions and export restrictions.
Venezuela Seeks Alternative Markets for Jojoba Oil Exports Amid US Trade Barriers
With ongoing US trade barriers, Venezuela is exploring alternative markets in Asia and Europe for exporting jojoba oil and other vegetable fats under HS Code 1515.90, as bilateral trade with the US remains heavily constrained.
2023-03-10
Impact: Diversion of exports to other regions could further reduce the already limited trade volume of these products between the US and Venezuela.
Limited Resumption of Trade Talks Between US and Venezuela
Preliminary discussions between the US and Venezuela have hinted at a potential easing of restrictions on certain non-strategic goods, including vegetable oils and their fractions (HS Code 1515.90), though no concrete agreements have been reached.
2022-11-20
Impact: While talks are ongoing, there is no immediate impact on trade volumes, but a future agreement could gradually restore limited trade in this category.
Policy Updates
US Extends Sanctions on Venezuelan Exports
The US government has extended sanctions targeting Venezuelan exports, including specific restrictions on agricultural and processed goods like vegetable and microbial fats and oils (HS Code 1515.90). The policy continues to limit trade with US entities unless specific licenses are granted.
In response to US trade barriers, Venezuela has introduced a policy to diversify export destinations for non-petroleum products, including vegetable oils under HS Code 1515.90, focusing on strengthening trade ties with non-Western countries.
