Jamaica Trade Agreements

The agreement on trade, economic and technical cooperation between the Caribbean Community (CARICOM) and the Government of the Republic of Venezuela is a sub-agreement on trade in goods, but it focuses mainly on trade in goods, but also provides a framework for cooperation between the parties in services and investment, as well as for double taxation agreements. It was signed in October 1992 and came into force on January 1, 2000. However, the agreement was rather suspended, as there were various technical problems with its implementation. Free trade agreements help Jamaican importers and exporters by providing better access to goods and/or services in contracting states and reducing barriers to trade in these markets. Among other free trade agreements: the TECA is a sub-scope agreement that focuses mainly on trade in goods and commits the parties to work towards the final conclusion of a comprehensive free trade agreement in 2001. CARICOM`s least developed countries (LDCs) are not required to extend preferential access to Cuban exports. Jamaica is negotiating with Canada under the 1986 Caribbean-Canada Trade Agreement (CARIBCAN). CARIBCAN offers (non-reciprocal) access to the Canadian duty-free market, with a few exceptions (textile and clothing, leather goods, footwear, etc.) of all caricom countries, with the exception of Suriname. See text under link The CARICOM-Costa Rica Free Trade Agreement was signed on 9 March 2004. It covers trade in goods and provides for further negotiations in the areas of competition policy, public procurement, double taxation and services. The free trade agreement is based on reciprocity with CARICOM`s five (5) most developed countries and non-reciprocity for carICOM`s less developed countries (LDCs). The agreement entered into force for Jamaica on 16 March 2015, after being ratified by Parliament on 29 July 2014. Jamaica has many trade agreements.

Over the years, they have encouraged the free movement of goods and services, reduced or eliminated quotas and tariffs, and opened up attractive trade opportunities in new markets. Jamaica is an open liberal economy with strong trade agreements with many countries. Canada and Jamaica have a long history of academic cooperation through a multitude of agreements between our educational institutions and scholarship programs. Since 2007, more than 200 Jamaican students have received scholarships from the Canadian government to study in Canada. Information about the scholarships available on the scholarship website.