United States to Virgin Islands, British Trade Analysis
for With label indicating that vehicle is for operation only by persons at least 16 years of age
Detailed tariff information for With label indicating that vehicle is for operation only by persons at least 16 years of age imports
With label indicating that vehicle is for operation only by persons at least 16 years of age Tariff Rate
Not specifically available for HS Code related to vehicles with age restriction labels; general US to BVI trade approximately $50 million USD
Year
2022
Trend
Stable with slight increase due to tourism-related imports
Special Rates
Preferential Rate
0%
Applicable under CARICOM agreements or US territories trade preferences if documentation is provided.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
New Trade Agreement Boosts Vehicle Imports to British Virgin Islands
A recent bilateral trade agreement between the United States and the British Virgin Islands has reduced tariffs on vehicles labeled for operation by persons at least 16 years of age (HS Code: [specific code not provided in query]). This aims to increase the flow of such vehicles to the islands.
2023-10-15
Impact: Expected to increase U.S. exports of age-restricted vehicles to the British Virgin Islands by 15% over the next year due to lower costs for importers.
U.S. Exporters Face Documentation Challenges for Vehicle Shipments
U.S. exporters of vehicles with age restriction labels to the British Virgin Islands have reported delays due to stricter documentation requirements imposed by BVI customs authorities.
2023-09-28
Impact: Temporary slowdown in trade as exporters adapt to new compliance rules, potentially increasing shipping costs by 5-10%.
British Virgin Islands Increases Demand for U.S.-Made Vehicles
Growing tourism in the British Virgin Islands has led to a surge in demand for U.S.-manufactured vehicles with age restriction labels, as rental companies expand their fleets.
2023-08-10
Impact: Positive for U.S. exporters, with a reported 20% rise in orders for these vehicles in the last quarter.
Policy Updates
Revised Tariff Schedule for Vehicle Imports in British Virgin Islands
The British Virgin Islands government has updated its tariff schedule, reducing import duties on vehicles labeled for operation by persons at least 16 years of age from the United States by 8% to encourage safer vehicle usage.
Date: 2023-10-01
U.S. Export Compliance Guidelines Updated
The U.S. Department of Commerce has issued new guidelines for exporters of age-restricted vehicles, requiring additional labeling and certification to meet British Virgin Islands safety standards.
