Dominican Republic-Central America-U.S. Free Trade Agreement

Dominican Republic-Central America-U.S. Free Trade Agreement
Format
Paperback
Publisher
Nova Science Publishers Inc
Country
United States
Published
11 January 2013
Pages
134
ISBN
9781622573059

Dominican Republic-Central America-U.S. Free Trade Agreement

On 5 August 2004, the United States entered into the Dominican Republic-Central American-United States Free Trade Agreement (CAFTA-DR). Congress passed the implementing bill on July 28th, 2005, and CAFTA-DR entered into force with El Salvador, Honduras, Nicaragua, Guatemala, the Dominican Republic and Costa Rica, thereafter. This permanent, comprehensive, and reciprocal trade agreement eliminates tariff and non-tariff barriers to two-way trade, building on unilateral trade preferences begun under the 1983 Caribbean Basin Initiative (CBI). It enhances rules and other standards for services, intellectual property rights, government procurements, investment, and other disciplines. It also reinforces Congress’s historical support for trade as a foundation of broader foreign economic, political, and security policies in the region. This book provides an analysis of the trade and investment trends since CAFTA-DR entered into being.

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