Tag: vehicle imports
Cayman continues to import a huge volume of vehicles
(CNS): According to the unaudited Third Quarter Economic Report 2023 covering government earnings and spending up to the end of September, a significant boost to the surplus at the time came from fees on imported motor vehicles. The earnings surpassed budget expectations by $7.8 million due to the volume of vehicles being imported. While the […]
Food imports surge in face of population growth
(CNS): The amount of stuff being imported into the Cayman Islands showed no sign of slowing down at the start of 2023 according to the latest figures from the Economics and Statistics Office. The quarterly trade statistics bulletin for January to March reveals the importation of food and drink grew by almost a quarter when […]
Policy calls for drivers to go electric by 2045
(CNS): The Cayman Islands Government is hoping that by 2045, every new car imported into the Cayman Islands will be an electric vehicle (EV) — part of the proposed new National Energy Policy (NEP), which aims to cut the islands’ greenhouse gas emissions and reduce pollution on the roads. In the long term, all new […]
Customs order restricts import of older vehicles
(CNS): The Cayman Islands Government is now restricting the importation of vehicles more than seven years old. About 24,000 vehicles were imported over the last five years, and there are concerns that older vehicles are harder to maintain, cause more pollution and fall short of safety standards. The aim is to curb the number of […]
