This trade and investment agreement seeks to promote economic cooperation by granting duty free access for a selected list of goods originating in CARICOM provided that they comply with the Rules of Origin.
Rules of Origin
- Goods should be wholly grown in a CARICOM country or manufactured from materials, which originate in a CARICOM country or Columbia; or
- Goods produced are classified in a four-digit of the Harmonised System (HS) which is different from those in which all the materials or products from third countries used in its manufacture are classified; or
- The c.i.f. value of materials or products from third countries utilized does not exceed 60% of the f.o.b. price of the goods produced or the regional content shall be no less than 40% of the f.o.b. price of the goods produced.