SPENCER BROWN

Central America-Dominican Republic Free Trade Agreement Form

The Dominican Republic-Central America Free Trade Agreement (CAFTA-DR) is a free trade agreement (legally an international agreement). Originally, the agreement included the United States and Central American countries, Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua, and was called CAFTA. In 2004, the Dominican Republic participated in the negotiations and the agreement was renamed CAFTA-DR. Along with the Dominican Republic, the trade group`s largest economy, the region covered by CAFTA-DR is the second largest Latin American export market for U.S. producers, behind Mexico, which bought $29 billion worth of goods in 2015. Two-way trade amounted to about $50 billion in the same year. While no official form is required to prove authorization for preferential tariff treatment under NAFTA-DR, a standard form has been provided by NAFTA countries and a list of information must be attached. Box 10: This box shall be used to provide all other information relating to the verification of the origin of the product or goods, such as. B the transport route, preliminary notices, invoicing in a third country or if it is a product subject to an emergency (quota), among others. For goods received under the CA-DR preferential regime described in box 7, the exporter or importer must expressly indicate whether the product was manufactured in a tax-exempt area or in other special tax and customs regimes.

CAFTA-DR strengthens the rights and conditions of workers in the region by imposing the protection at work to which its workers are entitled under the national laws of the countries. This also applies to the first dispute under a free trade agreement, in order to ensure that Guatemalan workers can exercise their rights under Guatemalan law. We continue to work to help Guatemala achieve this result and obtain the benefits of enforcing the law on respect for internationally recognized labour rights. CAFTA-DR is the first free trade agreement between the United States and a small group of developing countries. It was created with the aim of creating new and better economic opportunities by opening up markets, removing tariffs, removing barriers to services and much more. In 2015, it was estimated that total bilateral trade resulted in $53 billion. [1] Almost all Central American exports to the United States were already duty-free thanks to the 1984 Caribbean Basin initiative. El Salvador was the first country to formally introduce cafta to enter into force on March 1, 2006, when the Organization of American States (OAS) received signed copies of the treaty. On 1 April 2006, Honduras and Nicaragua fully implemented the agreement. On 18 May 2006, the Congress of Guatemala ratified CAFTA-DR, which entered into force on 1 July 2006. The Dominican Republic implemented the agreement on 1 March 2007.

In a referendum held on 7 October 2007, Costa Rica narrowly supported the free trade agreement, with 51.6% voting “yes”; the agreement entered into force on 1 January 2009. [6] Box 3: If there is only one manufacturer, indicate the full legal name, address (including country) and tax identification number, as shown in box 1. If the certification includes more than one manufacturer, indicate “VARIOUS” and add a list of all manufacturers, including their name, address (including country) and tax identification number, referring to the goods or products described in box 5. If this information is confidential, indicate “AVAILABLE UPON REQUEST FROM THE COMPETENT AUTHORITY”. If the manufacturer and exporter are the same person, indicate “GLEICH”. If the producer is unknown, indicate “UNKNOWN”. In January 2002, U.S. President George W. Bush declared CAFTA a priority and obtained from Congress the “Fast Track” authority to negotiate it. Negotiations began in January 2003 and on the 17th an agreement was reached with El Salvador, Guatemala, Honduras and Nicaragua on 25 December 2003 and on 25 January 2004 with Costa Rica. . .

.

Next Post

Previous Post

REP   ACTING: VLA     VO: SUE TERRY VOICES    LIT: RICHARD SCRIVENER

CONTACT SPENCER

© 2021 SPENCER BROWN

Theme by Anders Norén