Companies operating out of these PEZs are exempt from municipal or federal taxes and are not subject to government regulations affecting the local market. Contact the Ministry of Commerce and Industry, Direccion Nacional de Hidrocarburos for more information. Import permits can be obtained from the Ministry of Government and Justice. These accords are quota-based and deal with a limited number of specific products. There are also limited preferential agreements with Mexico, Dominican Republic and Colombia.
Negotiations are under way to sign full-blown trade agreements with Chile and Mexico.
The U.S. Government is considering new legislation that would enhance the CBI program.