In This year 2023, 808 products will enter the country free of tariffs as part of the Economic Partnership Agreement (EPA), which it will allow cheese, cocoa, tobacco, horse meat, mules, donkeys, vehicles for golf courses and the like to enter.
Likewise, trucks, funeral vehicles, ambulances, buses and buses, vehicle spare parts, household appliances, games, bicycles and toys, among others. ANDIn June of this year, non-quota powdered milk enters zero tariffs.
The EPA was signed by the Dominican Republic in 2008 as part of the trade bloc of the member states of the Caribbean Forum (Caribbean) with the European Community and the United Kingdom of Great Britain and Northern Ireland.
The liberalization of the 808 products represent 1 1.15% of the total tariff lines.
To next year 2024 there will be no tax relief and in the 2025 only reductions are presented in 331 lines that are equivalent to 4.57% of the total assets covered by the agreement. The EPA has a development vision and is a two-way pact.
Establishes mutual recognition agreements for professionals in architecture, engineering and accounting, which constitutes an opportunity for professionals from the country to be able to offer their services in the European market.
In addition, the investment commitment automatically guarantees the entry of key personnel from the companies.
Clearance
This year 2023, products originating from the ACP countries that cover the Cariforo and the EU enter free, including vehicles under headings 87.2 and 87.03, stoves, electric irons and seafood.
buses and trucks
More than 800 products enter duty-free this year, including some vehicles (21 and 29-passenger buses, trucks, funeral cars, and spare parts.
cheeses and more
Also, cheeses, fruits, tobacco and cocoa enter duty-free.