Stable with slight increase due to demand for heavy vehicles.
Special Rates
Preferential Rate
0%
Applicable under CARICOM-US trade agreements or specific exemptions for certain goods.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-British Virgin Islands Trade Agreement on Medium-Duty Vehicles
A new bilateral trade agreement has been signed between the United States and the British Virgin Islands, facilitating the export of medium-duty vehicles with G.V.W. exceeding 5 metric tons but not exceeding 20 metric tons (HS Code: 8704.22). This agreement aims to reduce tariffs by 15% over the next two years.
2023-10-15
Impact: This is expected to increase US exports of medium-duty vehicles to the British Virgin Islands, boosting trade volume by an estimated 10% annually.
Logistics Challenges Impact Medium-Duty Vehicle Shipments to British Virgin Islands
Recent port congestion in the British Virgin Islands has delayed shipments of medium-duty vehicles (G.V.W. 5-20 metric tons, HS Code: 8704.22) from the United States, causing a backlog of orders.
2023-09-20
Impact: Trade flow disruptions may lead to a temporary 5-7% decrease in delivery volumes, affecting US exporters and local businesses reliant on these vehicles.
US Exporters Report Increased Demand for Medium-Duty Trucks in British Virgin Islands
US manufacturers have noted a surge in demand for medium-duty trucks (G.V.W. 5-20 metric tons, HS Code: 8704.22) from the British Virgin Islands, driven by infrastructure development projects.
2023-08-05
Impact: This demand spike could lead to a 12% rise in exports over the next quarter, strengthening trade ties between the two regions.
Policy Updates
Revised Tariff Schedule for Medium-Duty Vehicles
The US Trade Representative announced a revised tariff schedule for vehicles under HS Code 8704.22 (G.V.W. 5-20 metric tons) exported to the British Virgin Islands, reducing duties from 5% to 3.5% effective immediately.
Date: 2023-10-01
British Virgin Islands Implements New Import Compliance Standards
The British Virgin Islands introduced stricter emission and safety standards for imported medium-duty vehicles (HS Code: 8704.22, G.V.W. 5-20 metric tons), requiring additional certifications for US exporters starting next quarter.
