Which Of The Following Is A Member Of The Central America-Dominican Republic Free Trade Agreement

USTR and Central American trade ministers sign CAFTA in Washington, D.C. From a Central American and Dominican perspective, removing barriers to the U.S. market (especially for textile and agricultural products) has been reason enough to make progress. CAFTA-DR has also made permanent and extensive U.S. benefits, which have been granted under CBTPA legislation, but require further authorization from Congress. The sustainability of trade rules is a temptation for foreign direct investment in the United States (FDI), which in turn can support the region`s export-oriented development strategy. CAFTA-DR countries also benefit from foreign direct investment (FDI) through trade relations with the United States, which is the largest foreign investor in the six countries. To the extent that a free trade agreement can be seen as a stabilizing factor in economic relations, it is expected to encourage more investment in LDs and thus promote longer-term economic growth and development. U.S. direct investment in CAFTA countries is shown in Table 4. But the third category is probably the most difficult.

It refers to a company`s ability to compete in a larger market; Learn to export and use imports (as inputs) more to its advantage; Taking advantage of global funding; Managing customs and trade logistics issues; 73 This will be a difficult challenge for many Central American companies, especially if trade barriers outside U.S.-Central America (WTO/FTA) relations are dismantled, increasing pressure on marginal production firms. The relationship between the common production, already established in the field of textiles and clothing, indicates that some companies have already developed some know-how to meet these challenges. As part of the agreement, the parties significantly liberalize trade in goods and services. CAFTA-DR also includes important disciplines in the areas of customs management and trade facilitation, technical barriers to trade, public procurement, investment, telecommunications, e-commerce, intellectual property rights, transparency, labour protection and the environment. CAFTA-DR creates new business opportunities for the United States, while promoting regional stability, economic integration and economic development for a large group of U.S. neighbors. After more than a decade of CAFTA, countries in the region are facing the plight of workers and farmers, corporate attacks on health and environmental legislation, political instability and deplorable human rights conditions.