Trade Agreement Between Dominican Republic and Curacao

Authorities in both countries announced the launch of negotiations for a partial-scope trade agreement, excluding products or sectors likely to be affected.

Wednesday, December 5, 2018

From the statement of the Ministry of Foreign Affairs of the Dominican Republic:

Santo Domingo, December 3rd, 2018. The Minister of Foreign Affairs of the Dominican Republic, Miguel Vargas, and the Minister of Economic Development of Curacao, Iván Steven Martina, signed this Monday the negotiation framework of a Partial Scope Agreement, which establishes the basis for creating a mechanism that stimulates trade flows and cooperation between the two countries.

The Dominican Minister of Foreign Affairs explained that, from the signing of this document, a dialogue will begin based on respect for national laws and the application of tariff preferences, which contribute to ease trade and bilateral economic complementarity.

“On the one hand, our industry is able to supply the significant Curaçao market. As well, we can be strategic partners in tourism, positioning our countries as multi-destination in the Caribbean region," said Chancellor Vargas.

He explained that the agreement to be negotiated will exclude any domestic product or sector that may be affected. For this purpose, both parties will establish a preferential area based on the exchange of lists of products and services offered and of interest.

Minister Martina hopes that the agreement will become a reality in the first months of 2019 and anticipated that this pact will generate good results for both parties.

More details on the agreement

This will be the first trade agreement to be signed in ten years, responding to requests from the domestic private sector and both governments to promote bilateral trade.

In the Dominican Republic, the institution in charge of negotiations is the Ministry of Foreign Affairs (Mirex), through the National Commission for Trade Negotiations (CNNC), an inter-institutional body.



More on this topic

Trinidad and Tobago - El Salvador Trade Deal

January 2014

This week Authorities from both countries will begin a second round of negotiations for a partial scope trade agreement.

This week El Salvador and Trinidad & Tobago will hold a second round of negotiations for a Partial Scope Agreement. The main products exported by Salvadorans to this country are articles made of plastic, sugar, agricultural products, industrial products, clothing, iron, steel, plastic, paper and cardboard.

El Salvador-Trinidad & Tobago Trade Agreement

November 2013

Delegations from both countries have concluded the first round of negotiations for a partial trade agreement which they hope to sign in the first half of 2014.

Eleconomista.net reports: "Added to this trade agreement, as part of the same negotiation, is an agreement for cooperation in tourism and other investment protections, said the Vice Minister of Foreign Trade of El Salvador, Mario Hernandez ...".

Panama Persists with Trade Agreement with Caribbean Countries

February 2012

Government representatives have expressed their interest in continuing negotiations for a trade agreement with Aruba this year.

Deputy Minister of International Trade Negotiations, Diana Salazar, spoke about a second round of talks with Aruba and the start of talks with Barbados.

El Salvador Seeks Trade Agreement with Belize

April 2011

The country is to begin negotiations to reach a trade agreement that will enable it, with Belize's help, to build close ties with the Caribbean.

The negotiations were announced by Salvadoran foreign affairs minister, Hugo Martínez, after his recent visit to Belize. These are the first of their kind in the history of diplomatic relations between the two countries.

 close (x)

Receive more news about Exports & imports

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Oct 28)
Brent Crude Oil
83.310
Coffee "C"
203.25
Gold
1,799
Silver
24.145