This Agreement was signed on the 9th of March 2004 and covers trade in goods. It provides for further negotiations in the areas of Competition Policy, Government Procurement, Double Taxation and the Trade in Services. The FTA is based on reciprocity with the five More Developed Countries of CARICOM and non-reciprocity for CARICOM Less Developed Countries (LDCs). The Agreement is now being applied by Jamaica.

Goods coverage: The coverage for goods varies. All exports from Jamaica to Costa Rica are immediately liberalized, except for a select list of excluded items (see Product Index). Certain items benefit from phased reduction of duties on a tariff line specific basis, in some cases over a period of one year.

 

Rules of Origin/ cumulation: Goods deemed originating must be wholly obtained or produced entirely in the territory of one or both parties, including those obtained within territorial waters or the EEZ, or obtained outside the territorial waters by a vessel registered or leased in the territory of either Party, or produced on such a vessel outside their territorial waters. Other originating goods may be made from nonoriginating materials, but must undergo substantial transformation and/ or a change of tariff heading. De minimis (maximum ignorable) amounts of some non-originating materials (except agricultural materials) constituting less than 7% of the value of the final product or not more than 10% by weight where materials fall under Chapters 50 to 63 may be included without transformation

---