Doing business 2020
Editorial: The World Bank Group
Licencia: Creative Commons (by)
Autor(es): Koehler, Friederike; [et al.]
The Dominican Republic–Central America–United States Free Trade Agreement (CAFTA-DR) has been fundamental in creating a stable framework for Costa Rica’s trade with the United States. On August 5, 2004, the United States entered into a free trade agreement (FTA) with the Dominican Republic and five Central American countries (Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua). Following a national referendum in 2007, with 51.6 percent of voters approving, Costa Rica ratified the treaty, which came into force on
January 1, 2009. The agreement consolidated benefits that had previously been unilaterally extended under the Caribbean Basin Initiative (CBI) into a multilateral FTA, providing a much more stable environment for trade relationships, although with limited changes to overall market access relative to the CBI.
[Washington, DC: 2015]
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