Dominican Republic–Central America Free Trade Agreement

The Dominican Republic–Central America–United States Free Trade Agreement (CAFTA-DR or DR-CAFTA; 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 American countries of Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua, and was called CAFTA. In 2004, the Dominican Republic joined the negotiations, and the agreement was renamed CAFTA-DR. CAFTA-DR, the United States-Mexico-Canada Agreement (USMCA), and active bilateral free trade agreements such as the Canada-Costa Rica Free Trade Agreement are seen as bloc agreements instead of a Free Trade Area of the Americas (FTAA) agreement.

Source: Wikipedia — Dominican Republic–Central America Free Trade Agreement (CC BY-SA 4.0)