Central America and the Dominican Republic in the Context of the Free Trade Agreement (DR-CAFTA) with the United States [Updated August 4, 2005] [open pdf - 485KB]
"On October 1, 2002, the Bush Administration notified Congress of the intention to enter into negotiations leading to a free trade agreement with five Central American countries (Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua). Negotiations for a U.S.-Central America Free Trade Agreement (CAFTA) were launched in January 2003 and were completed on December 17, 2003, although Costa Rica withdrew from the negotiations at the last minute. Negotiations with Costa Rica continued in early January 2004, and were completed on January 25, 2004. On February 20, 2004, President Bush notified Congress of his intention to sign the CAFTA pact, and it was signed on May 28, 2004. In August 2003, the Administration notified Congress of plans to negotiate a free trade agreement with the Dominican Republic and to incorporate it into the free trade agreement with Central American countries. Negotiations with the Dominican Republic began in January 2004, and were completed on March 15, 2004. The new pact, to be known as the United States-Dominican Republic-Central America Free Trade Agreement (DR-CAFTA), was signed by all seven countries on August 5, 2004."
CRS Report for Congress, RL32322
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