CARICOM- Dominican Republic Agreement
The CARICOM – Dominican Republic Free Trade Agreement was signed on the 22nd of August 1998 and was provisionally entered into force in December 2001, following the signing of the Protocol implementing the Agreement on 28th April 2000. While the Agreement is focused on the trade in goods, it also provides an agreed time-table for negotiating a trade in services regime and commits the Parties to doing the same for reciprocal promotion and protection of investment and for government procurement. The FTA is based on reciprocity with the five (5) More Developed Countries (MDCs) of CARICOM and non-reciprocity for CARICOM’s Less Developed Countries (LDCs). The Agreement was implemented on 16th March 2015, following its ratification by Parliament on 29th July 2014, which completed the legislative process necessary to give formal effect to the FTA..
