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The Dominican Republic–Central America–United States Free Trade Agreement ( CAFTA-DR; Spanish: Tratado de Libre Comercio entre República Dominicana, Centroamérica y Estados Unidos de América, TLC) is a free trade agreement (legally a treaty under international law). Originally, the agreement encompassed the United States and the Central ...
The United States is party to many free trade agreements (FTAs) worldwide. Beginning with the Theodore Roosevelt administration, the United States became a major player in international trade, especially with its neighboring territories in the Caribbean and Latin America. The United States helped negotiate the General Agreement on Tariffs and ...
The North American Free Trade Agreement ( NAFTA / ˈnæftə / NAF-tə; Spanish: Tratado de Libre Comercio de América del Norte, TLCAN; French: Accord de libre-échange nord-américain, ALÉNA) was an agreement signed by Canada, Mexico, and the United States that created a trilateral trade bloc in North America. The agreement came into force on ...
A free trade agreement ( FTA) or treaty is an agreement according to international law to form a free-trade area between the cooperating states. There are two types of trade agreements: bilateral and multilateral. Bilateral trade agreements occur when two countries agree to loosen trade restrictions between the two of them, generally to expand ...
States can unilaterally reduce regulations and duties on imports and exports, as well as form bilateral and multilateral free trade agreements. Free trade areas between groups of countries, such as the European Economic Area and the Mercosur open markets, establish a free trade zone among members while creating a protectionist barrier between ...
Mercosur. Russia ( EU–Russia Common Economic Space) Andean Community. South Korea (European Union–Korea Free Trade Agreement) European Union Central American Association Agreement (EU–CAAA) EFTA is negotiating or is planning bilateral agreements with the following countries and blocs: Algeria. Albania. MERCOSUR.
Signed in 2004, the Central American Free Trade Agreement (CAFTA) is an agreement between the United States, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and the Dominican Republic. The treaty is aimed at promoting free trade among its members. Guatemala has the largest economy in the region.
The European Union Central American Association Agreement (EU-CAAA) is a free trade agreement between the European Union (EU) and the Central American Common Market. The agreement was signed on 29 June 2012 in Tegucigalpa. The association agreement had to be formally ratified by the European Union and all of its member states (except Croatia ...