CAFTA

CAFTA, or the Central America Free Trade Agreement, is a trade deal that promotes economic exchanges between the United States and six Central American countries (Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and the Dominican Republic). It aims to reduce tariffs and barriers to the flow of goods, services, and investments, encouraging economic growth and job creation in the region. By creating a more integrated market, CAFTA helps businesses access new opportunities, fosters competition, and boosts economic development, while also establishing rules to protect intellectual property and labor rights.