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In March 2006, DR-CAFTA entered into force for El Salvador. Honduras and Nicaragua followed one month later, and Guatemala in July. The Dominican Republic Senate has already approved the agreement and is expected to pass it soon after the Dominican administration adopts the implementation requirements from Washington for its entering into force (Chamber of Commerce, 2007).
According to the Office of the United States Trade Representative, the case for CAFTA is based on the growth, opportunity and democracy of the aforementioned regions. The agreement will eliminate 80% of tariffs on U.S. goods exported to these regions...
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Common topics in this essay:
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