CAFTA-DR
The Central America Free Trade Agreement - Dominican Republic (CAFTA-DR) is a trade agreement between the United States and several countries in Central America, including Costa Rica, El Salvador, Guatemala, Honduras, and the Dominican Republic. Established in 2006, its primary goal is to promote trade and investment by reducing tariffs and other trade barriers.
CAFTA-DR aims to enhance economic cooperation and support sustainable development in the region. By facilitating access to markets, it encourages growth in various sectors, including agriculture, manufacturing, and services, ultimately benefiting consumers and businesses in both the U.S. and the participating countries.