|Name||CARICOM – Dominican Republic|
|Members||Antigua and Barbuda – Bahamas – Barbados – Belize –Dominica – Grenada – Guyana – Haiti – Jamaica – Montserrat – Saint Kitts and Nevis – Saint Lucia – Saint Vincent and the Grenadines – Suriname – Trinidad and Tobago – Dominican Republic|
|Type of agreement||Multilateral Free Trade Agreement|
|Date of signature||August 22, 1998|
|Key points||1. The Agreement provides for the immediate elimination of duties or the phasing out of duties on all goods except for products which might be identified as sensitive. |
2. For those products not eligible for duty free treatment, the agreement provides for a phased reduction of duty for some by 2004 and the most favoured nation treatment for the remainder. It also covers services, investment and government procurement.
3. All goods can be imported into the DR duty free or benefit from the phased reduction of tariffs to zero, with the exception of certain goods for which MFN duties will apply.
For more details, kindly check the link in references.
|1. CARICOM – Dominican Republic Trade Agreement, , accessed December 2020, https://bit.ly/3mZZPnN|