CARICOM - Costa Rica Free Trade Agreement

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The Free Trade Agreement between CARICOM and Costa Rica entered into force in 2005, fully or partially eliminating import tariff for most energy products and technologies, including: 

  • Electric motors, turbines and generators; 
  • Mechanical equipment including pumps, appliances, and other advanced machinery; 
  • Electric accumulators, transformers, capacitors, batteries; 
  • Motor vehicles; 
  • Mineral ore, slag and ash; 
  • Mineral fuels, oils and other products; 
  • Metals and their articles e.g. iron and steel; 
  • Semiconductors devices and photovoltaic cells; 


The Agreement also includes rules of origin. In order to benefit from preferential tariff treatment, goods must :

  • be wholly obtained, eg. produced entirely within the territory of one of the Parties, without incorporating materials originating elsewhere, or
  • not incorporate non-originating materials valued above 7% of the transaction value of the good, adjusted on a Free on Board (FOB) or Ex-works product price. 

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