Dominican Republic - Central America Free Trade Agreement (CAFTA-DR)
The CAFTA-DR is a comprehensive free trade agreement which provides for the elimination of border tariffs for the following goods, among others:
- Electric generation equipment
- Mechanical equipment including pumps, appliances, and other advanced machinery
- Electric motors, transformers, batteries, and capacitors
- Motor vehicles
- Mineral ore and processed products including manganese, copper, aluminium, and nickel
- Various products manufactured using above minerals and metals such as sheets, powders, bars, and plates
- Photovoltaic cells (except importing into the US)
The Agreement includes rules of origin requiring goods to be wholly produced/manufactured in, and imported directly from one or more of the countries involved to qualify for preferential tariff treatment. A regional value content requirement is also defined.
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