Overview of CARICOM Canada Free Trade Agreement
The Commonwealth Heads of Government, meeting in Nassau in October 1985 agreed to a trade and development agreement between the Caribbean and Canada. The objectives of the trade and development agreement that was formalized in June 1986 was as follows:
- To improve trade and development.
- To promote new investments.
- To encourage regional integration and cooperation.
This preferential trade agreement, commonly referred to as Caribcan is a preferential trade agreement that allows the countries of the Caribbean to export goods to Canada free of duty except those goods in HS Chapter 50-65, textile and clothing and those where Canada has undertaken tarrification such as diary and other agricultural goods.
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