Stable trade relations between the United States and British Virgin Islands
Special Rates
Preferential Rate
0%
Applicable under CARICOM agreements or specific trade arrangements with the United States
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-British Virgin Islands Trade Agreement Update for HS Code Items
A new bilateral trade discussion has been initiated between the United States and the British Virgin Islands focusing on goods with a maximum cross-section less than 152 mm under specific HS Codes. Negotiations aim to reduce tariffs and improve market access.
2023-10-15
Impact: This could lead to increased trade volume and lower costs for specific goods, benefiting exporters and importers in both regions.
Export Surge of HS Code Products from British Virgin Islands to US
Recent data shows a 15% increase in exports of products with a cross-section less than 152 mm from the British Virgin Islands to the United States, driven by demand in the construction and manufacturing sectors.
2023-09-20
Impact: Strengthens economic ties and may encourage further investment in production capabilities in the British Virgin Islands.
US Importers Report Supply Chain Delays for HS Code Goods
US importers of goods under the specified HS Code from the British Virgin Islands have reported delays due to logistical challenges at key ports, impacting delivery timelines.
2023-08-05
Impact: Potential short-term disruptions in supply chains could lead to increased costs and delays in project timelines for US businesses.
Policy Updates
US Tariff Adjustment for HS Code Imports
The United States has announced a temporary reduction in tariffs for imports of goods with a maximum cross-section less than 152 mm from the British Virgin Islands as part of a broader trade facilitation initiative.
Date: 2023-10-01
British Virgin Islands Export Compliance Update
The British Virgin Islands government has introduced stricter export documentation requirements for goods under the specified HS Code to ensure compliance with international trade standards.
