CARICOM - Costa Rica Free Trade Agreement

Country / jurisdiction: Guyana · Year: 2005 · Status: In force · Level: National · Type: Voluntary

The Free Trade Agreement between CARICOM and Costa Rica entered into force in 2005, fully or partially eliminating import tariff for most energy products and technologies, including:

Electric motors, turbines and generators;

Mechanical equipment including pumps, appliances, and other advanced machinery;

Electric accumulators, transformers, capacitors, batteries;

Motor vehicles;

Mineral ore, slag and ash;

Mineral fuels, oils and other products;

Metals and their articles e.g. iron and steel;

Semiconductors devices and photovoltaic cells;

The Agreement also includes rules of origin. In order to benefit from preferential tariff treatment, goods must :

be wholly obtained, eg. produced entirely within the territory of one of the Parties, without incorporating materials originating elsewhere, or

not incorporate non-originating materials valued above 7% of the transaction value of the good, adjusted on a Free on Board (FOB) or Ex-works product price.

Official source: https://findrulesoforigin.org/documents/pdf/itc00275_full.pdf