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CAFTA, or the Central American Free Trade Agreement, is the third trade agreement in the series of trade agreements in the region of Central America. There are a total of seven participating countries in CAFTA. The member countries are El Salvador, Nicaragua, Guatemala, Honduras, United States of America, Dominican Republic and Costa Rica.More...
When Did Nafta And Cafta Begin ?
NAFTA is the acronym for the North American Free Trade Agreement; while CAFTA is its counterpart in Central America. Both these agreements were initiated by the United States to practice free trade with its neighboring countries and to exempt all duty costs, tariffs and trade taxes. This was thought to be able to let the United States present opportunities to companies to expand their business and manufacture new products.More...
Problems With Cafta
CAFTA, or the Central American Free Trade Agreement, has run into several problems ever since its inception in 2006. The problems arose due to its negative impact on the lives of the common man in the region.More...
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