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The Central America Free Trade Agreement (CAFTA), also known as DR-CAFTA for its recent inclusion of the Dominican Republic, was signed by the governments of Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua and the United States in 2004, following a year of negotiations. The agreement is now in effect after being ratified by the US Congress on July 28th, 2005, committing each participant to reduce its trade barriers with the other DR-CAFTA countries. The agreement still remains to be ratified by Costa Rica.
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As with prior trade agreements, DR-CAFTA discussions have led to an extensive body of research on the effects of trade liberalization on rural areas. This website archives and facilitates access to an already substantial literature on the subject.
Furthermore, in light of this trade agreement, and in accord with the Bank’s rural development policy, the IDB has established a dialogue with other multilateral and bilateral agencies for coordinating assistance to Central American countries as they seek to diversify and increase productivity and economic activities of their rural economies. Information regarding the IDB initiatives related to DR-CAFTA and the rural economy is also provided on this site.
Disclaimer: This website is intended for information purposes only and does not imply
endorsement by the IDB. |
