Visit the CARICOM website for more information.

As part of its efforts to integrate into the global economy, CARICOM has negotiated and signed bilateral trade agreements with Venezuela, Colombia, Dominican Republic, Cuba and Costa Rica.

Barbados attaches great importance to these bilateral trade and economic agreements which have the potential to enable the country to develop and enhance its trade and economic position within the hemisphere.

The Barbados Investment & Development Corporation (BIDC) certifies Barbadian goods as qualifying for entry into these countries under these Agreements.  Click here for a link to the BIDC.

If any problems are being experienced in exporting to these countries under these Agreements, contact the Foreign Trade Division of the Ministry of Foreign Affairs and Foreign Trade at This email address is being protected from spambots. You need JavaScript enabled to view it..

  

CARICOM/COSTA RICA

The Free Trade Agreement between CARICOM and Costa Rica was signed in March 2004 and entered into force in August 2004.  The Agreement, is intended to increase trade between CARICOM countries and Costa Rica, and grants reciprocal duty-free or preferential access to a wide range of products.  Both parties have agreed to eliminate duties on additional products over a four-year period.  The phased period should commence from the date of entry into force of the Agreement.

The More Developed Countries (MDCs) of CARICOM, and Costa Rica have also identified a special list of products which would enjoy differentiated market access. Under this innovative arrangement, the treatments granted are immediate free access upon entry of force of the Agreement; phased reduction of duty; and exclusions.

The full text of this agreement may be viewed on the CARICOM website.

(Link to be provided)

 

CARICOM/VENEZUELA

In October 1992, the CARICOM/Venezuela Agreement on Trade and Investment was signed and came into force on January 1, 1993.  It allowed some CARICOM products immediate duty-free access to the Venezuela market, and additional products on a phased basis.

CARICOM and Venezuela are in the process of revising this non-reciprocal agreement.  When revised the Agreement will allow Venezuelan products duty-free access to the markets of the More Developed Country (MDC) members of CARICOM for a list of products to be negotiated between the two parties.

The full text of this agreement may be viewed on the CARICOM website.

  

CARICOM/COLOMBIA

The Trade, Economic and Technical Cooperation Agreement with Colombia was signed in 1994 and entered into force on 1 January 1995.  This Agreement is a reciprocal one with both parties permitting some goods to be traded with immediate duty-free access, with other products obtaining duty-free status on a phased basis.

Click here to view the full text of this agreement.

(Link not working)

  

CARICOM/DOMINICAN REPUBLIC

The CARICOM/Dominican Republic Framework Agreement was signed on 22 August 1998.  This Agreement provisionally entered into force in 2001.  This Agreement is wide in scope.  Its coverage includes: trade in goods, trade in services, government procurement and intellectual property rights.  It also provides for the development of cooperation in a number of areas such as trade financing, the development of economic sectors, and private sector alliances.  The More Developed Countries (MDCs) of  CARICOM are required to grant reciprocal treatment to goods originating in the Dominican Republic.

Click here to see the full text of this agreement.

(Link not working)

  

CARICOM/CUBA

The CARICOM/Cuba Trade and Economic Cooperation Agreement was signed in June 2000.  The objectives of the Agreement are to strengthen the commercial and economic relations between the parties through (i) the promotion and expansion of trade in goods and services; (ii) the establishment of financial arrangements to facilitate the progressive development of trade between the two parties; (iii) the progressive liberalisation of trade in services; (iv) the encouragement of investment; (v) the development of joint ventures; (vi) the promotion and protection of investment; and (vii) the discouragement of anti-competitive business practices.

The full text of this agreement may be viewed on the CARICOM website.