Trade Agreements

Trade Agreements

Jamaica has negotiated trade agreements with the world’s major trading powers such as the European Union, Canada, and the United States, as well as in our important domestic CARICOM markets. These trade pacts provide a range of opportunities for Jamaican exporters. 

Learn more about these major trade agreements:

 
The European Partnership Agreement (EPA)
 
    • The EPA accords immediate duty-free/quota-free market access for all CARIFORUM goods into the EU except sugar.
    • With the added element of services as tradable under the EPA, Jamaican professionals will be able to offer their services to the EU – whether virtually or if granted temporary work permits to work in the region. Services include the creative and entertainment industries. The agreement also includes an Exclusions List of CARIFORUM-designated sensitive products that will not be subject to liberalization. The major exclusions are agricultural and processed agricultural products; fisheries products, chemicals, furniture, various industrial goods, spirits and spirituous beverages, aerated beverages and fruit juices.
    • Rules of Origin have been improved to accommodate essential materials originating from third countries required for input for manufacturers to be exported to the EU such as [processed] agricultural products, fisheries, textiles and clothing.
 
Caribbean-Canada Trade Agreement (CARIBCAN)
 
    • CARIBCAN is a preferential arrangement guaranteeing duty free access to Canada for a wide range of products excluding textiles and apparel, footwear, luggage and handbags, leather garments, lubricating oils and methanol.
    • Other items are eligible for duty-free status if they can be certified as being grown, manufactured or produced within the Commonwealth-Caribbean or Canada.
    • Strict Rules of Origin apply to most goods to be exported from Jamaica to Canada.
 
Caribbean Basin Initiative (CBI)
 
The CBI comprises the Caribbean Basin Economic Recovery Act of 1983 (CBERA) and the Caribbean Basin Trade Partnership Act of 2000 (CBPTA).
 
Under the CBTPA, apparel manufactured in eligible CBI countries from U.S. yarns and fabric, as well as non-textile products excluded from earlier CBI legislation, will enter the United States free of quota and duty. The CBI Act was established by the US in 1984 to provide economic aid to Jamaica (and 23 other countries in the Caribbean and Central America) through the waiver of tariff benefits.
 
Most products manufactured or grown in CBI beneficiary countries are eligible for duty-free entry into the United States. Some of the most successful CBI eligible products that have been developed for export by both U.S. and Caribbean Basin companies include:
 
    • Electronic and electro-mechanical assembly
    • Handicrafts, giftware, and decorative accessories
    • Wood products, including furniture and building materials
    • Recreational items, such as sporting goods and toys
    • Fresh and frozen seafood
    • Tropical fruit products and winter vegetables
    • Ethnic and specialty foods, such as sauces, spices, liqueurs, jams, and confectionery items
    • Ornamental horticulture
    • Medical and surgical supplies
 
 
Caribbean Single Market Economy (CSME)
 
The Caribbean Single Market and Economy (CSME) was established by CARICOM to create economies of scale in the region. It offers Jamaicans the right to establish a business in another territory in the CSME without restriction. Jamaican goods that have already entered a CSME country will also be eligible for export/import into another CSME territory without duty.
 
Capital from Jamaica can also circulate freely in other CSME countries. Jamaica has also negotiated and signed FTAs with Argentina, Colombia and the Dominican Republic.

 
For more information on Jamaica’s trade relations, visit the website of the Ministry of Foreign Affairs and Foreign Trade, www.mfaft.gov.jm 
To accesss the latest copy of the Trade Agreements visit the Trade Board website at http://www.tradeboard.gov.jm/tblweb/oneC.php?id=141&name=Trade%20Agreement%20Booklet&frame