DR-CAFTA

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    • Trade agreement between America and many Central American countries
    • Establishes lower tariff rates, with the goal of eventually eliminating them entirely
    • Originally known as the Central America Free Trade Agreement (CAFTA)
    • Renamed in 2004 in honor of the Dominican Republic joining the negotiations
    • Officially signed into existence by President George W. Bush on August 2, 2005
    • Member countries held referendums to ratify the finalized agreement

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