CAFTA-DR The Dominican Republic-Central American Free Trade Agreement, known as CAFTA-DR, is the comprehensive pact among the United Sates, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and the Dominican Republic. C AFTA-DR was implemented on a rolling basis.
With implementation of the CAFTA-DR agreement, U.S. agricultural exports to the region have surged and continued growth is expected.
Executive Summary The Dominican Republic-Central America Free Trade Agreement (CAFTA-DR) 1 region and Panama combine to represent the seventh-largest market for U.S consumer-oriented products, totaling $3.7 billion in 2022. Free trade agreements (FTA) implemented with CAFTA-DR in 2006 2 and Panama in 2012 have increased the value of U.S. agricultural exports to the region by nearly fourfold ...
Executive Summary The Dominican Republic-Central America Free Trade Agreement (CAFTA-DR)1 region and Panama combine to represent the seventh-largest market for U.S consumer-oriented products, totaling $3.7 billion in 2022. Free trade agreements (FTA) implemented with CAFTA-DR in 20062 and Panama in 2012 have increased the value of U.S. agricultural exports to the region by nearly fourfold ...
CAFTA-DR is a classic example of all partner countries benefitting from open and transparent markets. U.S. agricultural exports to the CAFTA-DR countries were $1.6 billion in 2003, the last year before the deal was inked. We were selling a lot of corn, wheat, soybean meal, and rice.
The six CAFTA-DR countries have multiple trade and regional preferential agreements and arrangements with other competing countries, notably the EU, Japan, Canada, Mexico, Chile, and Australia.
The CAFTA-DR Agreement includes the United States, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and the DR. This agreement has liberalized trade, leading to a 126-percent increase in U.S. agricultural exports to the DR since the agreement entered into force for the DR in 2007.