The Dominican Republic has Free Trade agreements with more than 48 countries in the world which grants duty free access to markets in the United States and the European Economic Community, Central America, Caricom, Panamá thus creating additional competitiveness for the global companies that have established themselves in the country.
Market access is guaranteed under Five major Trade Agreements:
There are many trade Agreements signed by the Dominican Republic with other countries:
- CAFTA DR - DR-US Free Trade Agreement.
- EPA - Economic Partnership Agreements- Free Trade Agreement DR - European Union.
- DR-Central American Free Trade Agreement.
- CARICOM Free Trade Agreement with Central American countries.
- DR-Panamá Free Trade Agreement.
The Dominican Republic already has signed a free trade agreement with Central America, a similar agreement with the Caribbean Community (“CARICOM''), and a partial international treaty with the Republic of Panama.
The Caribbean nations that have formed the CARIFORUM belong to the Forum of
African, Caribbean and Pacific States, which has signed a free trade agreement called the Economic Partnership Agreement (“EPA”) with the European Union that provides
non-reciprocal market advantages for developing countries.
The Free Trade Agreement between the Dominican Republic, Central America, and the United States, in force since 2007, is the most extensive free trade
agreement today in the Dominican Republic.