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Author: Juan M. Gonzales Publisher: ISBN: 9781622573059 Category : Dominican Republic-Central America-United States Free Trade Agreement Languages : en Pages : 0
Book Description
On 5 August 2004, the United States entered into the Dominican Republic-Central American-United States Free Trade Agreement (CAFTA-DR). Congress passed the implementing bill on July 28th, 2005, and CAFTA-DR entered into force with El Salvador, Honduras, Nicaragua, Guatemala, the Dominican Republic and Costa Rica, thereafter. This permanent, comprehensive, and reciprocal trade agreement eliminates tariff and non-tariff barriers to two-way trade, building on unilateral trade preferences begun under the 1983 Caribbean Basin Initiative (CBI). It enhances rules and other standards for services, intellectual property rights, government procurements, investment, and other disciplines. It also reinforces Congress's historical support for trade as a foundation of broader foreign economic, political, and security policies in the region. This book provides an analysis of the trade and investment trends since CAFTA-DR entered into being.
Author: Juan M. Gonzales Publisher: ISBN: 9781622573059 Category : Dominican Republic-Central America-United States Free Trade Agreement Languages : en Pages : 0
Book Description
On 5 August 2004, the United States entered into the Dominican Republic-Central American-United States Free Trade Agreement (CAFTA-DR). Congress passed the implementing bill on July 28th, 2005, and CAFTA-DR entered into force with El Salvador, Honduras, Nicaragua, Guatemala, the Dominican Republic and Costa Rica, thereafter. This permanent, comprehensive, and reciprocal trade agreement eliminates tariff and non-tariff barriers to two-way trade, building on unilateral trade preferences begun under the 1983 Caribbean Basin Initiative (CBI). It enhances rules and other standards for services, intellectual property rights, government procurements, investment, and other disciplines. It also reinforces Congress's historical support for trade as a foundation of broader foreign economic, political, and security policies in the region. This book provides an analysis of the trade and investment trends since CAFTA-DR entered into being.
Author: Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
The United States Trade Representative (USTR) and trade ministers from Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and the Dominican Republic signed the Dominican Republic-Central America-United States Free Trade Agreement (CAFTA-DR) on August 5, 2004. Nearly one year later, it faced a contentious debate and close vote in both houses of the U.S. Congress. The Senate passed implementing legislation 54 to 45 on June 30, 2005, with the House following in kind 217 to 215 on July 28, 2005. President Bush signed the legislation into law on August 2, 2005 (P.L. 109-53, 119 Stat. 462). All other countries except Costa Rica have ratified the agreement. As of August 1, 2006, the United States has implemented the agreement for El Salvador, Honduras, Nicaragua, and Guatemala and will do so for the remaining two countries when they adopt the necessary regulatory and legal framework. Costa Rica stands alone in still needing legislative approval of the CAFTA-DR agreement, which is expected to occur in 2006. The CAFTA-DR is a regional agreement with all parties subject to "the same set of obligations and commitments," but with each country defining its own market access schedule. It is a reciprocal trade agreement, basically replacing U.S. unilateral preferential trade treatment extended to these countries under the Caribbean Basin Economic Recovery Act (CBERA), the Caribbean Basin Trade Partnership Act (CBTPA), and the Generalized System of Preferences (GSP). It liberalizes trade in goods, services, government procurement, intellectual property, and investment, and addresses labor and environment issues. Most commercial and farm goods attain duty-free status immediately. Remaining trade will have tariffs phased out incrementally over five to twenty years. Duty-free treatment will be delayed longest for the most sensitive agricultural products. To address asymmetrical development and transition issues, the CAFTA-DR specifies rules for transitional safeguards, tariff rate quotas, and trade capacity building. The CAFTA-DR is not expected to have a large effect on the U.S. economy as a whole, but some sectors and groups will be affected more than others. Supporters see it as part of a policy foundation supportive of both improved intraregional trade, as well as, long-term social, political, and economic development in an area of strategic importance to the United States. Opponents wanted better trade adjustment and capacity building policies to address the potentially negative effects on certain import-competing sectors and their workers. In light of the region's poor labor standards in some cases, the perception of inadequate labor laws, and widely accepted lax enforcement, opponents also argued that the labor provisions in the CAFTA-DR needed strengthening. This report addresses the CAFTA-DR and will be updated. For more on individual country perspectives, see CRS Report RL32322, Central America and the Dominican Republic in the Context of the Free Trade Agreement (CAFTA-DR) with the United States, coordinated by K. Larry Storrs.
Author: J. Humberto Lopez Publisher: World Bank Publications ISBN: 082138712X Category : Business & Economics Languages : en Pages : 461
Book Description
The main message of the study is that Central America's ability to exploit the opportunities created by ongoing trade liberalization will depend on the ability of the region to implement a complementary policy agenda that creates an enabling policy and institutional environment.
Author: United States. Congress. Senate. Committee on Finance Publisher: DIANE Publishing ISBN: 1428957855 Category : Central America Languages : en Pages : 65
Author: Stephanie Medina Cas Publisher: International Monetary Fund ISBN: 1475510845 Category : Business & Economics Languages : en Pages : 40
Book Description
This paper studies the potential for the export sector to play a more important role in promoting growth in Central America, Panama, and the Dominican Republic (CAPDR) through deeper intra-regional and global trade integration. CAPDR countries have enacted many free trade agreements and other regional integration initiatives in recent years, but this paper finds that their exports remain below the norm for countries of their size. Several indexes of outward orientation are constructed and suggest that the breadth of geographic trading relationships, depth of integration into global production chains, and degree of technological sophistication of exports in CAPDR are less conducive to higher exports and growth than in fast-growing, export-oriented economies. To boost exports and growth, CAPDR should implement policies to facilitate economic integration, particularly building a customs union, harmonizing trade rules, improving logistics and infrastructure, and enhancing regional cordination.
Author: United States. Congress. Senate. Committee on Agriculture, Nutrition, and Forestry Publisher: ISBN: Category : Business & Economics Languages : en Pages : 296
Author: Juan M. Gonzales
Author: Juan M. Gonzales
Author: 
Author: J. Humberto Lopez
Author: United States. Congress. House. Committee on Ways and Means
Author: United States. Congress. Senate. Committee on Finance
Author: United States. Congress. House. Committee on Ways and Means
Author: 
Author: Clare Ribando
Author: Stephanie Medina Cas
Author: United States. Congress. Senate. Committee on Agriculture, Nutrition, and Forestry