CAFTA takes effect for Honduras, Nicaragua
The United States has officially implemented the Central America Free Trade Agreement (CAFTA-DR) for Honduras and Nicaragua.
The Office of the U.S. Trade Representative said President Bush issued a proclamation implementing the agreement for the two countries effective April 1.
The CAFTA-DR agreement, which includes Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras, and Nicaragua, was approved by the U.S. Congress and signed by the president in 2005. Since then, U.S. officials have been working with the other countries to complete the necessary regulatory and legislative frameworks for implementation.
All the nations except Costa Rica have ratified the agreement.
CAFTA takes effect for Honduras, Nicaragua
