Central American Free Trade Agreement | Vibepedia

The Central American Free Trade Agreement (CAFTA) is a landmark treaty that has significantly impacted trade relationships between the United States, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and the Dominican Republic. Initially signed in 2004, the agreement aims to reduce trade barriers, increase economic cooperation, and promote investment among member countries. With its implementation, CAFTA has become a crucial component of the region's economic landscape, influencing the growth of industries such as textiles, agriculture, and manufacturing.