aap rd-panama

TRADE AGREEMENT

aap rd-panama

PANAMA AND DOMINICAN REPUBLIC

Boost trade between Panama and DR with 120 two-way products, 24 one-way products from RD, 26 products from Panama and 29 products made in Free Zones.
Dominican Republic and Panama signed a Partial Scope Agreement (AAPP) on July 17, 1985, ratified in 1987 and in force since November 2, 2003. Its objective is to grant rate preferences and eliminate or reduce non-rate restrictions and strengthen trade.
 
The country’s exports benefit from a partial agreement with Panama. This trade agreement grants duty-free treatment to certain products under four positive lists set out in the Agreement. These positive lists include products that can use the rate preferences granted by this Agreement.
 
Therefore, the Dominican exporter has preferential access for their products in the Panamanian market; as long as they comply with the origin requirements specified in the aforementioned trade agreement.
 
To Panama, the country exports: galvanized wire, cement, cocoa beans, cornmeal, malt beer, iron, steel and others. Main imported products coming from Panama are: frozen steak, ethyl alcohol, doors and their frames, medicines, soap, among others. Dominican Republic, applies the preference of the Central Bilateral Agreement (CA-RD) and the Multilateral Agreement CAFTA, which Central America is a member of; Panama is not yet a member.
TRADE WITH THE ISTHMUS WITH PREFERENCES FOR DR PRODUCTS
Due to its partial scope nature, limited free trade goods were defined during the negotiations. Taking these four classifications for those complying with the rules of origin and that are specified in one of the following lists: Two-way List, One-way Dominican Product List, One-way Panamanian Product List and the list of products established in the Free Zones.