Discussion about technical and financial assistance for CAFTA-DR

Representatives from the US, CA and the Dominican Republic met in Santo Domingo to analyze the need for technical assitance for the signed in CAFTA-DR 2004.

Wednesday, November 5, 2008

The director of Foreign Trade and Administration of the Treaty from the Dominican Ministry of Industry and Trade, Pablo Amaury Espinal, said that one of the objectives of the meeting is for the Committee for the Strengthening of the Commercial Capacity of the FTA to present an operational plan in 2009 that will allow the signatory countries to the agreement to access more resources.

More on this topic

3,650 Jobs Created by CAFTA in Guatemala

July 2009

After three years of ratifying the agreement, investments from the United States have increased by 22%.

According to the American Guatemalan Chamber of Commerce (AmCham) the signing of the Free Trade Agreement between the United States, Central America, and the Dominican Republic has generated an increase in investment, mainly in the call center industry.

DR-CAFTA: Problems with Certificates of Origin

August 2011

U.S. products are arriving with certificates of origin stating they are part of NAFTA, the trade agreement between the U.S., Canada and Mexico, which means that when they enter Guatemala they lose their tax privileges from the FTA with Central America.

The Guatemalan Minister of Economy, Luis Velasquez, has submitted a proposal to the Council of Ministers of Economy of Central America (Comieco) which aims to add an amendment to DR-CAFTA on error correction mechanisms.

Nicaragua has Made Good Use of DR-CAFTA

April 2013

With the entry into force seven years ago of the Free Trade Agreement with U.S., Nicaragua's exports to the country have increased by 133%.

The country has become more attractive to investors, it sectors have become technical and Nicaraguan small and medium enterprises have managed to benefit from technical assistance programs.

Costa Rica, the United States, and the DR-CAFTA

December 2013

In 4 years, exports to EE. UU. have tripled while imports have increased by 30%.  

"... The growth and development of the country is inextricably linked to its integration into the global economy."

Anabel González, the current Minister of Foreign Trade of Costa Rica, said that the country has been the one to benefit the most from having DR.-CAFTA in force.

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