United States, Costa Rica, Jamaica 5.5

Barriers to Trade
Do these countries have any barriers to trade? What are they?

1. United States

• Embargo: North Korea, Cuba, Iran
• Tariffs on farm products

2. Costa Rica

• Tariff rate quotas on rice

3. Jamaica

• WTO Agreements
• Regulations

Free Trade Zones
Is the country a member of any free trade zones? What benefits does the nation enjoy from that membership?

1. United States

FTA with Costa Rica (CAFTA) and 17 other countries WTO TIFA BIT

2. Costa Rica

FTA with the U.S. (CAFTA) Eliminates extra charges More business

3. Jamaica

• Four free trade zones operated by the government
• No importing license requirements, exemption on customs duties, no tax on profits

Works Cited:

http://southwestfarmpress.com/mag/farming_costa_rica_joins_2/

http://www.wto.org/english/tratop_e/tbt_e/tbt_e.htm

http://www.solarnavigator.net/venture_capital/free_trade_zones.htm

http://www.ustr.gov/trade-agreements