Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form
There are currently no Help notes in this section.
Browse the Caribbean Export Development Agency document library by date, country, product & keyword
CaribExport has developed a short, practical, commercially-led guidance manual on how best to profile...
Contact the Trade & Business Intelligence Department directly for further assistance.
Links to many other resources on the internet for regional organizations, trade support, and more
Browse the Caribbean Export / Caribbean Association of Investment Promotion Agencies Investment Map
Browse the information critical to making investment decisions. Browse by sector and country to view the data.
Browse the investment opportunities available across the region. Select a sector to view results.
Learn how to get your business ready for Angel Investment and find interested investors.
Analyse the trade between two countries of a particular product and where they rank in the World.
Browse the World Bank's Economy & Growth indicators on an Interactive Playable World Map.
Find out the markets that rank the highest in the World for importing your product.
Need to know more about the market? Browse the World Fact Book to view a country's profile.
Select a product, origin and destination to get a quick market pointer summary.
3.1 Accessing the US Market
To export, you need to first understand the terms on which you can access your target market. The following information might be useful:
It is important to understand how to access the US market as well as any potential barriers that may exist. The mechanisms an exporter uses to sell speciality foods in the Caribbean may be completely inappropriate to the target market in the US. Research will be essential to understanding a market and it is strongly advised that novice exporters consult with the appropriate national, regional and international sources to properly navigate the export process.
Between the United States and the Caribbean trade agreements and preferential regimes exist. With the notable exception of Suriname, all other CARICOM Members of CARIFORUM enjoy one-way preferential trade with the US under the Caribbean Basin Initiative (CBI). Under the CBI, the US grants unilateral duty- free treatment to imports of certain eligible products from CBI beneficiary countries (Office of the United States Trade Representative, 2009).
On the other hand, the Dominican Republic was previously a CBI beneficiary. However, it now engages in bilateral trade with the US on a reciprocal duty-free basis. Under the Dominican Republic-Central America-United States Free Trade Agreement, the US has maintained and in some instances improved duty-free access to its market for nearly all goods originating from the Dominican Republic and the other countries involved in the Agreement.
Under the CBI, there are two general conditions that goods must meet in order to qualify for access to the US market on preferential terms. A product has to meet a substantial transformation test (usually reflected in the final product being of a different tariff heading than the inputs) or the value of local materials used in production should not be less than 35% (World Trade Organisation, 2010). Under the free trade agreement involving the Dominican Republic, the qualification conditions for goods generally include the substantial transformation test (World Trade Organisation, 2010 ).
While the US grants duty free access to a wide range of goods originating from CARICOM or the Dominican Republic, there are some non- tariff measures which do impact on goods exported to the US. According to the World Trade Organisation (WTO), exports to the US continue to be subject to a merchandise processing fee and a harbour maintenance fee (exports from the Dominican Republic are exempt). The merchandise processing fee applies to imports valued at more than $2,000USD - the fee is set at 0.21% of the import value; the statutory minimum and maximum are $25USD and $485USD respectively (World Trade Organisation , 2010 ).
Apart from the merchandise processing fee, exports to the US valued at more than US$2,000 and unloaded at a port receiving federal funds for maintenance are subject to a harbour maintenance fee regardless of their origin (World Trade Organisation, 2010 ). The fee, which is charged once for the same cargo, is set at 0.125% of the value of the cargo (World Trade Organisation , 2010 ). Additionally, beer, wine, and distilled spirits are all subject to US federal excise taxes. Imported beer faces a rate of $18USD per 31 gallon barrel while imported wine is subject to an excise tax ranging from $2.26USD to $3.40USD per gallon (World Trade Organisation , 2010 ).