GEDOEL : A Powerful Regional Trade Facilitation Tool
Given the strong trade flows among the United States, Central America (Costa Rica, Honduras, Guatemala, Nicaragua, and El Salvador) and the Dominican Republic, the ratification of the Central America and Dominican Republic Free Trade Agreement (CAF...
| Main Authors: | , |
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| Format: | Brief |
| Language: | English |
| Published: |
World Bank, Washington, DC
2012
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2010/05/12590703/gedoel-powerful-regional-trade-facilitation-tool http://hdl.handle.net/10986/10487 |
| Summary: | Given the strong trade flows among the
United States, Central America (Costa Rica, Honduras,
Guatemala, Nicaragua, and El Salvador) and the Dominican
Republic, the ratification of the Central America and
Dominican Republic Free Trade Agreement (CAFTA-DR)
represents an opportunity for the trade community in
signatory countries to benefit from preferential tariff
treatment through the correct application of rules of origin
(ROO) and origin procedures a series of provisions at the
heart of the CAFTA-DR that set forth the requirements for
goods to be considered originating from a particular country
and, therefore, to gain access to preferential tariff
treatment. From an importer, exporter, or producer
perspective, the key to benefiting from CAFTA-DR is the
ability to access preferential tariff treatment, which
relies on understanding and using the ROO, not in a
theoretical sense but in a real, hands-on way that permits
the correct categorization of goods. This smart lesson
describes how the U.S. Agency for International Development
(USAID)-funded Regional Trade Program for CAFTA-DR (CRT)
developed an innovative information technology application
to facilitate the understanding and use of complex rules of
origin in order to make it possible for the trade community
in CAFTA-DR countries to fully benefit from the agreement. |
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