DR-CAFTA

DR-CAFTA is an abbreviation for the Dominican Republic-Central America Free Trade Agreement. It is a long-term agreement between the Central American countries. Similar to NAFTA, DR-CAFTA seeks to enhance international economic relationships by first reducing, then eliminating trade tariffs between member countries.

Key Dates

  1. January, 2004: Dominican Republic joins the negotiations, agreement renamed Dominican Republic-Central America Free Trade Agreement (DR-CAFTA)
  2. July 28, 2005: DR-CAFTA passes votes in both houses of the U.S. CongressUnited States Senate: Roll Call Vote United States House of Representatives: Final Vote Results for Roll Call 443
  3. August 2, 2005: President George W. Bush signs the CAFTA agreement
  4. March 1, 2006: El Salvador, Honduras and Nicaragua officially ratify DR-CAFTA
  5. May 18, 2006: Guatemala officially ratifies DR-CAFTA
  6. March 1, 2007: Dominican Republic officially ratifies DR-CAFTA
  7. October 7, 2007: Costa Rica officially ratifies DR-CAFTA

DR-CAFTA - Nicaragua

DR-CAFTA - Central Figures

DR-CAFTA Answers

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