Central America-Dominican Republic Free Trade Agreement (CAFTA-DR)

The Central America-Dominican Republic Free Trade Agreement (CAFTA-DR) is a trade deal that reduces tariffs and barriers, allowing countries in Central America, the Dominican Republic, and the U.S. to buy and sell goods more easily. It aims to boost economic growth, create jobs, and promote investment by fostering trade and cooperation among the participating nations. The agreement also includes rules to protect intellectual property and improve labor and environmental standards. Overall, CAFTA-DR seeks to strengthen economic ties and improve prosperity across the region.