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What CAFTA Will Mean for Business and Trade in the Americas

30 September 2006

International Law News

The U.S.-Dominican Republic-Central American Free Trade Agreement (DR-CAFTA or CAFTA), once fully implemented, will establish a free trade zone within seven signatory countries, including the United States, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and the Dominican Republic. The agreement eliminates import tariffs on a significant number of manufactured and agricultural goods, provides open markets in areas such as government procurement and trade in services, and establishes enforcement rules in intellectual property, investment, labor, and the environment.


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