Free Trade Agreements Dominican Republic

The Dominican Republic has very advantageous access to international markets. We currently have free trade agreements with 48 countries that give us preferential access to nearly one billion consumers around the world. The main agreements we have are the United States, the European Union and Central America. These agreements established rules of origin allowing the productive integration of the country with suppliers in dozens of countries around the world. The free trade agreement is between the United States, the Dominican Republic, Costa Rica, the Northern Triangle and Nicaragua. The Dominican Republic-Central America Free Trade Agreement (CAFTA-DR) is the first free trade agreement between the United States and a group of small developing countries: our Central American neighbor Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and the Dominican Republic. CAFTA-DR promotes the strengthening of trade and investment relations, prosperity and stability throughout the region and along our southern border. The Central America-Dominican Republic Free Trade Agreement (CAFTA-DR) is composed of the United States and Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras and Nicaragua. Implementation dates vary from 1 March 2006 to 1 January 2009 depending on the country. For U.S. exporters, please contact the Department of Commerce at 2016.export.gov/FTA/index.asp. Most CAFTA-DR products currently arrive in the U.S.

duty-free and without the Goods Processing Tax (MPF), and virtually all will enter the U.S. free of charge until the agreement is fully implemented on January 1, 2025. To create a free trade agreement, governments commit to granting market access to foreign companies by reducing and eliminating tariffs and other measures to protect domestic products. To do this, the CAFTA-DR contract imposes domestic treatment and includes a most-favoured-nation clause. It also covers the protection of international property rights and requires their signatories to take certain transparency measures (e.g. B parties are required to criminalize corruption in matters related to international trade or investment). [9] In addition, the agreement contains, inter alia, chapters on investments, public procurement procedures and financial services. Each publication contains the Harmonized Tariff of the United States (HTSUS) general note with general and specific rules of origin, a list of all products that became duty-free upon entry into force, and the exit plan for goods that, over time, become duty-free. NAFTA-DR, North American NAFTA, and active bilateral free trade agreements, such as the Canada-Costa Rica Free Trade Agreement, are considered a bloc agreement instead of a Free Trade Area of the Americas (NAFTA) agreement. Panama has concluded negotiations with the United States for a bilateral free trade agreement, known as the Panama-United States Trade Promotion Agreement, in force since October 2012. Tags : Dominican Republic | | Free Trade Agreement Free Trade Area-| partnership| | of the special economic zone | Under this contract, 103 Dominican products arrive in Panama duty-free.

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