Dominican Republic misses CAFTA targets
The Dominican Republic will not meet the July target or laying the groundwork needed to begin participation in the Central American Free Trade Agreement.
A report in Thursday's Miami Herald said a U.S. State Department official said Wednesday the Dominican Republic preparations would not be ready as expected by July.
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 individual countries to complete the necessary regulatory and legislative frameworks for implementation.
Only Costa Rica has yet to ratify the agreement.
Dominican Republic misses CAFTA targets
