CAFTA-DR United States - Central America- Dominican Rep FTA

Course summary CAFTA-DR United States - Central America- Dominican Rep FTA:

On August 5, 2004, the United States signed the Dominican Republic - Central America - United States Free Trade Agreement (CAFTA-DR) with five Central American countries (Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua) and the Dominican Republic.

This agreement is creating new economic opportunities by eliminating tariffs, opening markets, reducing barriers to services, and promoting transparency. It is facilitating trade and investment among the seven countries and furthering regional integration.

Central America and the Dominican Republic represent the third largest U.S. export market in Latin America, behind Mexico and Brazil. U.S. exports to the CAFTA-DR countries were valued at $19.5 billion in 2009. Combined total two-way trade in 2009 between the United States and Central America and the Dominican Republic was $37.9 billion.

CAFTA/DR countries combined would have been the United States' 14th largest goods export market in 2009.

The top export categories (2-digit HS) in 2009 were: Mineral Fuel ($2.9 billion), Electrical Machinery ($2.6 billion), Machinery ($1.7 billion), Special Other (low value and charity shipments) ($1.4 billion), and Cereals (corn, wheat, and rice) ($1.2 billion).

U.S. exports of agricultural products to CAFTA/DR countries totaled $3.0 billion in 2009, as a group it would be the 6th largest U.S. Ag export market. Leading categories include: coarse grains ($580 million), wheat ($397 million), soybean meal ($382 million), and rice ($223 million).

The Parties also implemented a reciprocal textile input sourcing rule with Mexico.

Example of the course CAFTA-DR United States - Central America- Dominican Rep FTA:

Master in International Business for US Students

US Free Trade Agreements - Dominican Republic FTAs - Costa Rica FTA' - El Salvador FTA's - Guatemala FTAs - Honduras FTAs - Nicaragua FTAs

 Educational level: Continuing education / Executive education programs.

Source: The Office of the United States Trade Representative (USTR)