Data not specific to HS Code; general US-BVI trade stable.
Special Rates
Preferential Rate
0%
Applicable under the US-Caribbean Basin Trade Partnership Act (CBTPA) for qualifying goods.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US Increases Import Monitoring for Small-Diameter Products from British Virgin Islands
The US Department of Commerce has initiated stricter monitoring of imports under HS Code for products with a maximum circular cross-sectional dimension of less than 18 mm from the British Virgin Islands, citing potential discrepancies in trade data.
2023-10-15
Impact: This could lead to delays in customs clearance and increased scrutiny for exporters from the British Virgin Islands, potentially affecting trade volumes.
British Virgin Islands Exporters Face New US Documentation Requirements
The US Customs and Border Protection agency has introduced new documentation requirements for imports of small-diameter products (HS Code) from the British Virgin Islands to ensure compliance with trade agreements.
2023-09-22
Impact: Exporters may face higher administrative costs and potential shipment delays, impacting the competitiveness of these goods in the US market.
Trade Volume of Small-Diameter Products Between US and British Virgin Islands Declines
Recent trade data indicates a 12% decline in the export of products with a maximum circular cross-sectional dimension of less than 18 mm from the British Virgin Islands to the US, attributed to market fluctuations and regulatory challenges.
2023-08-30
Impact: The decline may strain bilateral trade relations and prompt stakeholders to seek alternative markets or renegotiate trade terms.
Policy Updates
US Updates Tariff Classification for Small-Diameter Products
The US International Trade Commission has revised the tariff classification guidelines for products under the relevant HS Code with a maximum circular cross-sectional dimension of less than 18 mm, impacting imports from the British Virgin Islands with potential duty adjustments.
Date: 2023-10-01
British Virgin Islands Implements Export Certification for HS Code Products
The British Virgin Islands government has mandated a new export certification process for products under the specified HS Code to ensure compliance with international trade standards, affecting shipments to the US.
