As of Saturday, April 19, 2025, here is an update on tariffs related to Curaçao: New U.S. Tariffs Impacting Curaçao: The United States has implemented a new reciprocal tariff policy that affects Curaçao. As a result, Curaçao now faces a 10% import tariff on goods entering the United States. This new tariff threatens the duty-free trade benefits Curaçao previously enjoyed under the Caribbean Basin Trade Partnership Act (CBTPA), which allowed over 5,800 products to enter the U.S. duty-free until 2030. The Curaçaoan government is currently working on strategies to mitigate the impact, including potential tax incentives for local companies, lowering import duties on essential goods, investing in local agriculture, and attracting tourists from other markets. Curaçao's General Tariff Structure: Curaçao assesses import duties based on the Harmonized System (HS) Code of the goods. Customs duties are calculated on the Cost, Insurance, and Freight (CIF) value of the shipment. Rates vary depending on the category of goods, with essential items generally having lower rates and luxury or non-essential items potentially facing higher rates. In addition to import duties, other taxes may apply, including: Sales Tax (OB): Generally ranges from 6% to 9% on goods and services, applied to the combined CIF value and import duties. Excise Tax: May be levied on specific products like alcohol, tobacco, and fuel. Environmental Tax: A "green tax" may apply to certain items like electronics or vehicles. Trade Agreements and Policies: Curaçao benefits from some unilateral trading schemes, such as the EU's for Overseas Countries and Territories and the U.S.'s Caribbean Basin Initiative Trade Partnership Act (though the latter's benefits are now being eroded by the new tariffs).   The country is actively working to secure additional market access through trade agreements. Curaçao and Trinidad and Tobago are making progress towards finalizing a Partial Scope Trade Agreement (PSTA) to reduce tariffs on specific goods and services between the two nations. The third round of negotiations is scheduled for February 2025 in Curaçao. Curaçao has a National Export Strategy (NES) aimed at diversifying exports, driving economic development, and increasing foreign exchange earnings, focusing on developing key service sectors and improving the business environment.   Key Considerations for Trade with Curaçao: Understand the HS Codes: Correctly classifying goods is crucial for determining the applicable tariff rates. Factor in CIF Value: Import duties are based on the cost of goods, insurance, and freight. Be Aware of Additional Taxes: Sales tax, excise tax, and environmental tax can add to the overall cost. Consider Using a Local Expert: A reliable logistics provider or customs broker familiar with Curaçao's regulations can help navigate the process efficiently. Explore Free Zones: Curaçao has free zones that offer tax benefits for businesses involved in import/export activities. It's important to note that tariff rates and trade policies can change, so it's always best to consult the most recent official sources and customs authorities in Curaçao for the most up-to-date information.