Central American Free Trade Agreement (CAFTA)

The Central American Free Trade Agreement (CAFTA) is a trade pact between the United States and several Central American countries aimed at reducing tariffs and trade barriers. This agreement encourages the free flow of goods, services, and investments, fostering economic growth and stronger relationships. It also includes provisions for protecting intellectual property, labor standards, and the environment. By making it easier and cheaper to trade across borders, CAFTA aims to boost development and create jobs for participating nations. Essentially, it’s a cooperative effort to promote economic integration and mutual benefit through expanded trade.