Puerto Rico Free Trade Agreements

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Receiving applications for accreditation in the free zone. Approval of applications for marketing authorization for free zones. Definition and regulation of free zones. Authorization and control of procedures and operations in free zones. Authorization of own rules and procedures. The Free Zone Directorate, an agency within the Ministry of Trade and Industry, acts as the technical secretariat of the CNZF. It implements and implements the decisions taken by the CNZF; Investors and potential investors submits quarterly reports on the creation and operation of free trade zones to cnZF for approval; Reviews applications for free trade area authorization; Participated in all negotiations that may lead to agreements or agreements on free trade zones at national and international levels; monitors the functioning of all free trade zones in Haiti; and regularly monitors free trade zones. Total exemption from income tax for up to 15 years, followed by a period of partial exemption that is gradually decreasing; Years; – Recording and implementing the balance for all observations related to purchase, mortgages and guarantees. Goods and services sold from free trade areas on the Haitian market are considered to have entered by Haitian customs and are subject to customs duties and taxes.

The volume of free trade area products allowed to be sold in Haitian markets must not exceed 30 per cent of a company`s total production in the free zone. The first section offers a brief comparison between Puerto Rico and CARICOM The popular Caribbean economies in terms of size, production, development models and commercial specialization. The second section analyzes trade flows between Puerto Rico and CARICOM. This section contains an aggregated and country-by-country trade analysis with Puerto Rico, including exports and imports. Variables taken into account include market share, relative unit values and specialization. The analysis also uses the constant release analysis method to determine the size of the demand (overall demand); and products of market dynamics (structural effect of demand); The analysis is supplemented by a typology of Puerto Rican export products to the Caribbean. Puerto Rico`s manufacturing sector is facing increased competition as a result of recent U.S. free trade agreements with Latin American and Caribbean countries. This is reinforced by the erosion and repeal of a section of the federal revenue law, which had prompted producers to establish themselves in Puerto Rico in the form of tax credits: Section 936. Thanks to these tax credits and other incentives based on the territorial status of the island, efforts to develop a petrochemical industry have become one of the main drivers of development.

Finally, both sides reacted positively to the process of increasing internationalization of trade and investment flows, the changing external environment and the expansion of the economic liberalization process. It consisted of deepening and strengthening the respective regional ties. In part in response to concerns about the issue of dress parity in Haiti, Congress passed the Haitian Partnership Opportunity Act (HOPE) act of 2006, which came into force on March 19, 2007. Congress provided HOPE with other trade preferences under the Generalized Preferences System (GSP), the Caribbean Basin Economic Recovery Act (CBERA) and cbTPA.