The Caribbean-Canada Trade Agreement known as ("CARIBCAN") is a Canadian government programme, established in 1986 by the Parliament of Canada. The Canadian Government, formally Her Majesty's Government in Canada, is the Federal government of Canada. Year 1986 ( MCMLXXXVI) was a Common year starting on Wednesday (link displays 1986 Gregorian calendar) The Parliament of Canada (Parlement du Canada is Canada 's legislative branch, seated at Parliament Hill in Ottawa, Ontario. The agreement was created to promote trade, investment and provide industrial cooperation through the preferential access of duty-free goods from the countries of the Commonwealth-Caribbean to the Canadian market. Trade is the willing exchange of goods, services, or both Trade is also called Commerce. Investment or investing is a term with several closely-related meanings in Business management, Finance and Economics, related to saving For other uses of this term see Industry (disambiguation An industry (from Latin industrius, "diligent industrious"
Features of the agreement also include: seminars for businesspersons of the Caribbean region to learn more about developing a market for their products in the Canadian market, a programme to expand exports capabilities by Caribbean businesses and also the assistance of the Canadian Department of Industry and Technology in the Caribbean region for regional trade commissioners with the aim of trade promotion efforts to the Canadian market. The Caribbean (ˌkærəˡbiən kæ'rəbiən Cariben|Caraïben or Caraïben; Caraïbe or more commonly Antilles; Caribe is a Region consisting
According to the DFAIT: the "CARIBCAN’s basic objectives, then, are to enhance the Commonwealth Caribbean’s existing trade and export earnings; improve the trade and economic development prospects of the region; promote new investment opportunities; and encourage enhanced economic integration and cooperation within the region. The Department of Foreign Affairs and International Trade (DFAIT more commonly known as Foreign Affairs and International Trade Canada is a department in the Government "
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Countries in CARIBCAN
- Canada -- Anguilla, Antigua and Barbuda, the Bahamas, Bermuda, Barbados, Belize, the British Virgin Islands, the Cayman Islands, The Commonwealth of Dominica, Grenada, the Co-operative Republic of Guyana, Jamaica, Montserrat, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, the Republic of Trinidad and Tobago, and the Turks and Caicos Islands. Country to "Dominion of Canada" or "Canadian Federation" or anything else please read the Talk Page Anguilla (English pronunciation ang-GWILL-ah, æŋˈɡwɪlə is a British overseas territory in the Caribbean, one of the most northerly of the Leeward Antigua and Barbuda ( Spanish for "Ancient" and "Bearded" is an Island nation located on the eastern boundary of the Caribbean Sea The Bahamas, officially the Commonwealth of The Bahamas, is an independent sovereign English -speaking country consisting of two thousand Cays and Ba (officially The Bermuda Islands or The Somers Isles) is a British overseas territory in the North Atlantic Ocean. Barbados ( Portuguese word for bearded-ones, bɑrˈbeɪdoʊz -dɒs situated just east of the Caribbean Sea, is an independent Island nation Belize (bəˈliːz formerly British Honduras, is a country in Central America. The British Virgin Islands ( BVI) is a British overseas territory, located in the Caribbean to the east of Puerto Rico. The Cayman Islands are a British overseas territory located in the western Caribbean Sea, comprising the islands of Grand Cayman, Cayman Brac The Commonwealth of Dominica, commonly known as Dominica, is an Island nation in the Caribbean Sea. Grenada (grɪˈneɪdə is an Island nation that includes the southern Grenadines in the southeastern Caribbean Sea. Guyana (ɡaɪˈænə or /ɡiːˈɑːnə/ officially the Co-operative Republic of Guyana and previously known as British Guiana, is the only Nation state Jamaica (ˈdʒəˈmeɪkə} is an Island nation of the Greater Antilles, in length and as much as in width situated in the Caribbean Sea. Montserrat (ˌmɒntsəˈræt is British overseas territory located in the Leeward Islands, part of the chain of islands called the Lesser Antilles The Federation of Saint Kitts and Nevis (also known as the Federation of Saint Christopher and Nevis) located in the Leeward Islands, is a federal two-island Saint Lucia (ˌseɪnt ˈluːʃɪə is an Island nation in the eastern Caribbean Sea on the boundary with the Atlantic Ocean. Saint Vincent and the Grenadines is an island nation in the Lesser Antilles chain of the Caribbean Sea. The Republic of Trinidad and Tobago (ˈtrɪnɪdæd ən təˈbeɪgoʊ is an archipelagic state in the southern Caribbean, lying northeast of the South American The Turks and Caicos Islands ( TCI) (ˈtɜːks ænd ˈkeɪkəs are a British Overseas Territory consisting of two groups of tropical islands in the West Indies
Exempted items
The CARIBCAN agreement does not cover duty-free access for the following items:
- 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 either grown, manufactured or produced within the Commonwealth-Caribbean or Canada. The definition to be designated as Caribbean as its origin is; 'having a minimum input of 60 percent of the ex-factory price of the goods (including overhead and reasonable profits) originating within any of the Commonwealth Caribbean countries(or Canada). The goods must also be exported directly from the Caribbean to Canada with no other work carried out at foreign transshipment points. Transshipment or Transhipment is the Shipment of goods to an intermediate destination and then from there to yet another destination
Future
This agreement after running it's course for around twenty years, has been slated to be replaced by a full composit Caribbean-Canada Free Trade Agreement, with reciprocal equal access for Canadian companies to the Caribbean market as well. See also List of free trade agreements This is article is on free international trade
See also
- The Caribbean Basin Trade and Partnership Act - Involving the United States, Commonwealth Caribbean, Aruba, Costa Rica, the Dominican Republic, El Salvador, Guatemala, Haiti, Honduras, the Netherlands Antilles, Nicaragua, and Panama. The Caribbean Basin Trade Partnership Act (CBTPA is a Law adopted by the U The United States of America —commonly referred to as the Aruba is a -long island of the Lesser Antilles in the southern Caribbean Sea, north of the Paraguaná Peninsula, Falcón State, Venezuela Costa Rica, officially the Republic of Costa Rica ( Spanish: Costa Rica or República de Costa Rica,) is a Country in The Dominican Republic ( Spanish: República Dominicana;) is a nation located in the Caribbean region and shares the island of Hispaniola with El Salvador ( República de El Salvador,) is a country in Central America. Guatemala (República de Guatemala) is a country in Central America bordered by Mexico to the north and west the Pacific Ocean to the southwest Haiti ( English: ˈheɪ·tiː or haɪ·ˈjiː·tiː French Haïti a·i·ti Haitian Creole: Honduras in Spanish, República de Honduras) is a democratic republic in Central America. The Netherlands Antilles ( Dutch:) previously known as the Netherlands West Indies or Dutch Antilles/West Indies, is part of the Lesser Antilles Nicaragua (ˌnɪkəˈrɑgwə officially the Republic of Nicaragua () is a representative democratic republic and the largest nation in Central America Panama, officially the Republic of Panama (República de Panamá) is the southernmost country of Central America.
- Department of Foreign Affairs and International Trade (Canada)
More: GO-Invest - Guyana
Similar Caribbean agreements
- United States: Caribbean Basin Economic Recovery Act or Caribbean Basin Initiative (CBI)
- European Union: Lomé Convention (succeeded by the Cotonou Agreement)
- Between CARICOM: Affiliated Caribbean states. The Department of Foreign Affairs and International Trade (DFAIT more commonly known as Foreign Affairs and International Trade Canada is a department in the Government The United States of America —commonly referred to as the The Caribbean Basin Initiative (CBI was a Unilateral and temporary United States program initiated by the 1983 "Caribbean Basin Economic Recovery Act" (CBERA The European Union ( EU) is a political and economic union of twenty-seven member states, located primarily in The Lomé Convention is a trade and aid agreement between the European Union (EU and 71 African Caribbean and Pacific (ACP countries, first signed in February The Cotonou Agreement is a Treaty between the European Union and the group of African Caribbean and Pacific states ( ACP countries) The Caribbean Community ( CARICOM) is an organization of Caribbean nations and dependencies
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