CENTRAL AMERICA AND DR AGREEMENT

trade agreement

CENTRAL AMERICA AND DR AGREEMENT

GUATEMALA, HONDURAS, NICARAGUA, COSTA RICA, EL SALVADOR AND DOMINICAN REPUBLIC

This agreement seeks to facilitate regional trade by promoting efficient customs procedures that reduce costs and ensure exports.
Through the Free Trade Agreement between Dominican Republic and Central America free tariff entry to markets of the signatory nations is permitted to Dominican import products that have met the requirements of origin established in the Trade Agreement.
 
Therefore, the Central American countries grant rate preferences to Dominican export products. This rate preference is granted to originating or non-originating goods produced with materials that have had a substantial degree of transformation to be considered originating.
 
The signatory countries have committed to strengthen their ties and the spirit of cooperation between their people to achieve a better balance in their trade relations. In addition, the countries have agreed to promote a wider and safer market for goods produced and the mutual exchange of services in their territories.
 
This agreement is desired to raise the competitiveness of the service sector, resulting in the facilitation of trade in goods and the flow of capital and technology, contributing decisively to strengthen the systemic competitiveness of countries in the free trade area.
OBJECTIVES PROPOSED BY THIS FREE TRADE AGREEMENT
Encourage expansion and diversification of trade in goods and services. Promote conditions for free competition. Eliminate barriers to trade in goods and services. Remove barriers to the movement of capital and people. Increase investment opportunities. Strengthen the competitiveness of countries, in the world trade flows.