CARICOM/Dominican Republic

CARICOM/Dominican Republic

 

In March 2000, CARICOM and the Dominican Republic (DR) concluded a comprehensive bilateral trade package.  The Agreement establishing the Free Trade Agreement between the Caribbean Community and the Dominican Republic was signed on 28th April 2000.  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.  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.