CARICOM – Venezuela Agreement
The Agreement on Trade, Economic and Technical Cooperation between the Caribbean Community (CARICOM) and the Government of the Republic of Venezuela is a Partial Scope Agreement, primarily focused on trade in goods, but it also provides a framework for parties to work together for the promotion of services and investment, and double taxation agreements. It was signed in October 1992, and entered into force on 1st January 2000 the Agreement, however, has been fairly dormant as there have been varied technical problems affecting its implementation.
A range of goods are allowed to enter Venezuela duty free. This preferential access, however, is not extended to certain products which are mainly beef, milk, coffee, rice, flour, cooking oils and related products, cocoa beans, cement and related products, orange juice, mineral fuels, mineral oils and related products, medicaments, paints and varnishes, insecticides, disinfectants, plastics, glass products, iron products, and television sets.
