Central American Free Trade Agreement Wikipedia

The U.S. Chamber of Commerce attributed to nafta that U.S. trade in goods and services with Canada and Mexico increased from $337 billion in 1993 to $1.2 trillion in 2011, while the AFL-CIO held the agreement responsible for sending 700,000 U.S. manufacturing jobs to Mexico at that time. [86] The participants concluded the conference with an agreement to establish the U.S. Central Court of Justice (Corte de Justicia Centroamericana). The tribunal would remain in force for ten years from the final ratification, and disclosure would be provided by the Costa Rican government. It was composed of five judges, one from each Member State. The court heard ten cases, five of which were initiated by individuals (and found inadmissible) and three by the court. The court operated until April 1918 from its headquarters in Costa Rica; Despite the efforts that began in March 1917 (when Nicaragua filed a denunciation of the agreement), it dissolved. In Guatemala, mass protests were violently suppressed by the government and strikes broke out in Costa Rica against the trade agreement.

In addition, many Catholic bishops in Central America and the United States rejected the treaty, as well as many social movements in the region. (Latin American Comparative Policy (page 469), Daniel C. Hellinger) It is a list of free trade agreements between two parties in which each party could be a country (or another customs territory), a trade bloc or an informal group of countries. The Dominican Republic, Costa Rica, El Salvador, Guatemala, Nicaragua and Honduras also approved the agreement. You are all current members of CAFTA-DR. Since WTO members are required to communicate their free trade agreements to the secretariat, this database is based on the official source of information on free trade agreements (called the WTO-language regional trade agreement). The database allows users to obtain information on trade agreements that are communicated to the WTO by country or theme (goods, services or goods and services). This database provides users with an up-to-date list of all existing agreements, but those that are not notified to the WTO may be lacking. In addition, reports, tables and graphs containing statistics on these agreements, including preferential tariff analysis, are presented. [26] The objective of the agreement is to create a nafta-like free trade area, which currently includes the United States, Canada and Mexico. CAFTA-DR is also seen as a stepping stone to the free trade agreement, another (more ambitious) free trade agreement that would encompass all South American and Caribbean states, as well as North and Central American countries except Cuba.

Canada is negotiating a similar agreement, the Canada-Central America Free Trade Agreement. A “secondary agreement” reached in August 1993 on the application of existing domestic labour law, the North American Convention on Labour Cooperation (NAALC) [39], was severely restricted.