CARICOM – Cuba TECA
The CARICOM-Cuba Trade and Economic Cooperation Agreement (TECA) is a reciprocal Agreement which was signed on 5th July 2000 between thirteen (13) CARICOM Member States and the Republic of Cuba. The Bahamas and Haiti are not signatories to the Agreement. This Agreement was ratified by Jamaica on July 29, 2014, and fully implemented on March 16, 2015.
The TECA is a Partial Scope Agreement, mainly focused on the trade in goods, which committed the Parties to working towards the eventual conclusion of a full Free Trade Agreement in 2001. The Less Developed Countries (LDCs) of CARICOM are not required to extend preferential duty access to Cuban exports.
The TECA has an agreed timetable for negotiating a trade in services regime and commits the Parties to the adoption of a double taxation agreement, the reciprocal promotion and protection of investment, and the development and adoption of an agreement on Intellectual Property Rights.
